Posts tagged ‘Mining’

September 2, 2011

Mining and automobile manufacture in India

Car manufacture

Balance sheet of Maruti Suzuki Workers’ Strike

Gurgaon Workers’ News assess the recent massive strike at Maruti Suzuki auto in India.

Preliminary Balance Sheet of the 13-Days Sit-Down Strike at Maruti Suzuki Factory in Manesar/Gurgaon, India

India: Wildcat strike at Maruti Suzuki continues, may spread

The strike at the Indian carmaker’s Manesar plant has entered its sixth day, with threats of similar strikes at other plants being made.

The wildcat strike exploded a week ago, with around 2,000 workers demanding the recognition of a new union – Maruti Suzuki Employees Union (MSEU) – formed by those working at the Manesar plant, among other things.

Around 1,000 workers from different firms in the Gurgaon-Manesar industrial belt gathered at the gate of MSI’s Manesar plant today to express solidarity with the MSEU strikers.

Mining

The Jharkhand Movement

The state Jharkhand was formed in November 2000, before that the mining areas of Dhanbad-Jharia and the steel manufacturing regions around Bokaro and Jamshedpur were situated in the southern part of Bihar.

The Dhanbad Mafia

In India the name Dhanbad is synonymous with coal mafia. Together with the ‘nationalised command’ over the mines appeared a ‘mafia mode of production’, which was both part and outcome of the re-structuring process.

September 19, 2010

Warren Mosler: Gold Buying

This graph shows the annual world gold product...

Image via Wikipedia

Looks like govts. are increasingly moving into gold.

Govts. can support prices for at least as long as they increase purchases geometrically, which, operationally they can do without limit. It’s a political decision.

To get all the gold they want, govts. have to out bid the private sector, and then maybe each other as well.

That means when govt buying slows down, if it ever does, prices then fall to the private sector’s bid.

With precious few non hoarding uses for gold it’s all waste of human endeavor and a waste of all the other real resources that go into gold mining and refining, etc. But it’s all a very small % of world expenditure of real resources.

Bottom line, it’s another example of govt. ‘interference’ creating a distortion, but in this case the real resources expended- land, labor, capital, energy- are relatively small as a % of total resource consumption, and since gold can’t be eaten and isn’t used for shelter and clothing (ok, some ornamentation) the high price probably alters too few lives for the worse for a political backlash.

However, central bankers stuck in mythical inflations expectations theory with regards to the cause of inflation could react and cause problems that wouldn’t otherwise be there. I doubt the Fed falls into that category, but it’s not impossible. [Source]

April 12, 2010

NEWS: Six killed in Peru miners strike clashes

Six people were killed on April 5 when police attacked a roadblock set up by miners on a wildcat strike.

Officials claimed that the workers were protesting at the government’s push to impose environmental controls on them, although one observer commented that it was more likely that the government was motivated by financial interests than saving the planet.

Reuters reported that violence broke out on Sunday in the southern province of Arequipa, injuring 20 protesters and nine police near Chala, 600km (372 miles) south of the capital, Lima.

Two of the dead were bystanders, including a taxi driver struck by a stray bullet and a woman who suffered a heart attack.

[SOURCE: LIBCOM]

More:

Peru: Informal miners lift their strike for 48 hours


Living in Peru (blog) – Isabel Guerra – 7 Apr 2010

Informal (wildcat) miners in Peru have decided to lift their strike for 48 hours, reports today local press in Lima. Miners operating in Madre de Dios …

6 dead in violence between police and wildcat miners in Peru‎ – Mineweb
PERU: Miners Call Off Protests for Talks; Six Killed in Clashes‎ – Inter Press Service
Government Says Civilian Killed in Clashes in Peru‎ – Latin American Herald Tribune Peru: Informal miners lift their strike for 48 hours
Living in Peru (blog)Isabel Guerra – 7 Apr 2010

Informal (wildcat) miners in Peru have decided to lift their strike for 48 hours, reports today local press in Lima. Miners operating in Madre de Dios …

6 dead in violence between police and wildcat miners in Peru‎ – Mineweb
PERU: Miners Call Off Protests for Talks; Six Killed in Clashes‎ – Inter Press Service
Government Says Civilian Killed in Clashes in Peru‎ – Latin American Herald Tribune

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