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Tana Goldfields PLC

Tana Goldfields PLC

Well-being, Communication, Community

8 Supporters

  • _67654660_66393097_177_

    The prospect of a deep sea "gold rush" opening a controversial new frontier for mining on the ocean floor has moved a step closer.

    The United Nations has published its first plan for managing the extraction of so-called "nodules" - small mineral-rich rocks - from the seabed.

    A technical study was carried out by the UN's International Seabed Authority - the body overseeing deep sea mining.

    It says companies could apply for licences from as soon as 2016.

    The idea of exploiting the gold, copper, manganese, cobalt and other metals of the ocean floor has been considered for decades but only recently became feasible with high commodity prices and new technology.

    Conservation experts have long warned that mining the seabed will be highly destructive and could have disastrous long-term consequences for marine life.

    The ISA study itself recognizes that mining will cause "inevitable environmental damage".

    But the report comes amid what a spokesman describes as "an unprecedented surge" of interest from state-owned and private mining companies.

    http://www.bbc.co.uk/news/science-environment-22546875

  • http://www.marketoracle.co.uk/Article40279.html

    When it looks as though things couldn't get worse for precious metal mining equities (GDX), that may be just the time to buy for contrarians. Not only are the junior miners (GDXJ) sloping to historic decade lows, but gold (GLD) bullion which has held up considerably well in comparison has been hit hard recently by short selling, bearish bank reports and margin calls.

    Now after this recent decline there is a palpable sense of panic and fear throughout the resource markets. This is the biggest decline since 2008 and 2003 when all the bad weather bears sold and missed out on 200% reversal moves in the mining indices.

    Don't make a similar mistake now. As I stated before, we should see a bounce. Hold on and add as we may be approaching a major bottom. I wrote recently that we may see a very powerful rebound as short covering and record investment demand returns to the precious metal sector.

    All of the summer soldiers have left the battlefield. Only the long term value investors remain and they couldn't be happier as there are bargain basement discounts galore throughout the resource industry.

    Mining is a difficult business that requires capital and meticulous operation management. Investors have been burned by the majors where we have witnessed a major decline in earnings and profits as costs soar.

    Barrick (ABX) came out with better than expected earnings recently and rallied the entire gold mining sector on increasing volume. ...

  • Tana Goldfields PLC United Kingdom - Sustainability

    Community, Communication Design

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    TANA GOLDFIELDS PLC believes in employing ethical business practices and engaging with the communities, businesses and governments and to operate in work areas with integrity.

    We also believe that our projects can make a significant and positive contribution to the well being of the people living in the territories where we work. We are committed to providing opportunities to generate a fair income for people and to establish mutually beneficial partnerships. TANA is establishing strategies in key areas of operational performance: tailings management, energy and emissions management, community outreach, crisis management planning, safety and health, and biodiversity conservation.

Tana Goldfields PLC

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Tana Goldfields PLC

11 Church Road,Bookham
London, Surrey W1C 2AR
United Kingdom
442088196280

Contact Tana Goldfields PLC
http://tanagoldfieldsplc.blogspot.co.uk/

Moderator: Tana Wharley