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Tana GoldFields Company

Tana GoldFields Company

Well-being, Communication, Community

6 Supporters

  • Children-risks-their-lives-in-tanzanias-mines-to-help-families-300x250_177_

    Thousands of children as young as eight are risking their lives daily by working in Tanzanian small-scale gold mines, as they are constantly exposed to serious risks such as mercury poisoning and pit collapses, Human Rights Watch (HRW) said in a report released Wednesday.

    The global rights watchdog’s document, Toxic Toil: Child Labor and Mercury Exposure in Tanzania’s Small-Scale Gold Mines, describes how children dig and drill in deep, unstable pits, work underground for shifts of up to 24 hours, and transport and crush heavy bags of gold ore. All this to support their impoverished families.

    Children also face high risks of injuries from pit collapses and accidents with tools, as well as long-term health damage from exposure to mercury, breathing dust and carrying heavy loads.

    Human Rights Watch also found that girls on and around mining sites face sexual harassment, including pressure to engage in sex work. Some girls become victims of commercial sexual exploitation and risk contracting HIV or other sexually transmitted infections.

    “Tanzanian boys and girls are lured to the gold mines in the hopes of a better life, but find themselves stuck in a dead-end cycle of danger and despair,” said in a press release Janine Morna, children’s rights research fellow at Human Rights Watch. “Tanzania and donors need to get these children out of the mines and into school or vocational training.”

    The human rights group urged the country’s government and the international...

  • TANA GOLDFIELDS ARTICLES HISTORY

    Community, Industrial Design

    Dunstonminers1920_177_

    Mining History in British Columbia Canada

    "British Columbia's mining and mineral exploration industry has a rich history and a promising future. B.C. has been one of the world's major mining regions since the mid-1800s and to this day is a key international player. Encompassing the largest part of the Canadian Cordillera, a mountain belt rich in minerals and coal, B.C. produces and exports a significant amount of copper, gold, silver, lead, zinc, molybdenum, coal and industrial minerals every year. Historically, B.C.'s vast mineral resources have contributed extensively to the province's growth and development. The Hudson's Bay Company first started producing coal on Vancouver Island in the 1840s, and the discovery of gold along the Fraser River in the 1850s sparked a major gold rush, which was ultimately responsible for the settlement of many parts of that region. As B.C.'s population increased, the provincial infrastructure improved, and miners were able to explore more and more of the province's terrain, leading to many new mineral deposit discoveries. Throughout the century following the Fraser River Gold Rush, most mining activities in British Columbia took place underground. But in the early 1960s, the feasibility of open-pit production increased tremendously, and as a result, several huge copper mines opened, including Highland Valley Copper—the largest open-pit operation in all of North America." http://tnxmaverick.com

    Mining History in Guinea Africa

    T...

  • 300x176_177_

    Running a leveraged hedge fund with a long position in gold has not been a lot of fun lately. The price of gold closed in New York at $1,225.20/oz on Wednesday. This was down by 4.1% on the day, lower by 18.6% year-to-date, and down by more than 35% from gold’s peak on September 6, 2011. I have never owned gold. For years, people have asked me if gold is a good investment. My answer has always been the same: “It had better not be.” This is because if gold is a good investment, neither America nor ordinary Americans are likely to do very well. Historically, this has been the case. The periods during which gold has been a good investment (the 1970s and the 2000s) have been terrible for the economy, and awful for the average citizen. Now, has the recent fall in gold prices caused “massive losses?” No. Speculation is a zero-sum game. Think of the gold market as a bunch of guys locked in a room with a fixed amount of dollars and a fixed amount of gold. All they can do is trade gold and money among themselves. For every seller, there is a buyer; and for every loser, there is a winner. Their game cannot impose losses on the people outside the room. Now, wildly fluctuating gold prices do imply large changes in the real value of the dollar, and that is a bad thing. An unstable currency imposes huge costs on the economy, but it does so through misdirection of capital investment (including the development of new gold mines that no one needs), not via losses on commodity spec...

  • K-bigpic_177_

    “There are no rules here, we’re trying to accomplish something.” — Thomas A. Edison (1847 - 1931).

    How did Edison know?

    Sometimes we get lucky. I’ve had a boatload of lucky times. They were fleeting, but nuggets of wisdom and information were there. It’s up to us to separate fool’s gold from the precious metal, and real facts from smoke.

    A most vivid memory goes back to the early 1970s. The giant was Milton Friedman — shortly after he won the Nobel in economics. It was just after U.S. citizens could legally own gold again. At a private reception, after Friedman spoke to several hundred, someone asked him about gold. The metal had made a large run and was trading at about $200 an ounce.

    Friedman said that he did not follow gold, but had made a few estimates based upon inflation, and he thought $110 an ounce was a proper level for that time.

    A few months later gold fell to $104. Wow. He did not claim expertise, but nailed it. Isn’t humility from a Nobel winner neat to see in action?

    When gold hit $800 an ounce in 1980 (just seven to eight years later), thanks to Friedman, I knew it was too high. I did not sell my silver coins, but did sell my gold stocks. We must each ask ourselves; “What’s our blind spot?”

    How does the Friedman $110 an ounce translate to today — some 40 years later? Using an inflation rate of about 6 to 7 percent and compounding annually, my slide rule says a $1,350 and $1,650 an ounce ballpark is about right.

    Now we endure ch...

  • Reuters_177_

    May 28 (Reuters) – South Africa may take unspecified “interventions” in the gold and platinum sectors as part of a state plan to maintain the viability of the industries, mines minister Susan Shabangu said on Tuesday.

    “I have directed my officials to urgently explore all available avenues and develop a rescue plan,” she said in a speech to parliament.

    There would be a “particular focus on both supply and demand-side interventions,” she said.

    The world’s top platinum producers, South Africa and Russia, agreed to attempt to cope with excess supplies of the metal through a memorandum of understanding signed in March during the BRICS emerging market powers meeting in Durban.

    Shabangu gave no other details as to what the interventions might involve.

    However, concerns about job cuts would likely prevent Pretoria from radically manipulating the platinum supply.

    Anglo American Platinum, seeking to restore profits after falling into loss last year, had to back down from an initial target of 14,000 job cuts in the face of stiff resistance from unions, the government and the ruling African National Congress (ANC).

    Spot platinum on Tuesday fetched $1,442.75 an ounce, down over 35 percent from a record high of $2,240 hit in March 2008. Bullion’s price is down nearly 18 percent to date this year.

    download book here: http://www.smashwords.com/books/view/322747

    ...
  • Gold_177_

    May 28 (Reuters) - South Africa may take unspecified "interventions" in the gold and platinum sectors as part of a state plan to maintain the viability of the industries, mines minister Susan Shabangu said on Tuesday.

    "I have directed my officials to urgently explore all available avenues and develop a rescue plan," she said in a speech to parliament.

    There would be a "particular focus on both supply and demand-side interventions," she said.

    The world's top platinum producers, South Africa and Russia, agreed to attempt to cope with excess supplies of the metal through a memorandum of understanding signed in March during the BRICS emerging market powers meeting in Durban.

    Shabangu gave no other details as to what the interventions might involve.

    However, concerns about job cuts would likely prevent Pretoria from radically manipulating the platinum supply.

    Anglo American Platinum, seeking to restore profits after falling into loss last year, had to back down from an initial target of 14,000 job cuts in the face of stiff resistance from unions, the government and the ruling African National Congress (ANC).

    Spot platinum on Tuesday fetched $1,442.75 an ounce, down over 35 percent from a record high of $2,240 hit in March 2008. Bullion's price is down nearly 18 percent to date this year.

    source: http://uk.reuters.com/article/2013/05/28/safrica-mining-idUKL5N0E91AG20130528

    ...
  • 1

    Plans to reopen the Cononish mine near Tyndrum in Stirlingshire have been delayed due to falling gold prices.

    Scotgold Resources said the project remained viable and would generate a cashflow of more than £39m before tax over its first seven years of operation, at current gold prices.

    But it warned that the fluctuating price had dented market confidence.

    As a result, Scotgold said it had decided not to seek further funding for the scheme until conditions improved.

    A study has predicted that once operational, the mine could produce up of 20,200 ounces of gold a year.

    At current prices, that would give the Cononish project a rate of return of about 37% before tax and see the initial investment repaid within 26 months of the start of production.

    However, Scotgold said the market remained wary after gold prices fell by more than 9% at the beginning of April, the biggest drop for 30 years.

    Challenging market The depressed market has made the company reconsider plans to seek additional funds to bring the mine into full production.

    Executive chairman John Bentley said: "The recent sharp decline in the gold price has severely dented market confidence, albeit that there has been significant positive movement since the lows recorded on 15 April 2013.

    "The potential to raise the required equity financing for the project is considered to be severely challenging under current market conditions.

    "The board has thus decided to defer an immediate raise pending an im...

  • Tana Goldfields PLC United Kingdom : Projects

    Arts & Culture, Industrial Design

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    FIRE MOUNTAIN

    The Fire Mountain Property is comprised of seven (7) mineral claims (MTO) containing 93 cell claim units totaling 1937.03hectares. The property was originally staked, May 17, 2012. The property is accessible by air. It can also be reached viaroad, approximately 200 kilometres from Pemberton and the Lillooet River Road. The property has been the focus of severaltechnical reports. Please see the bottom of this section for a link to our report.

    The property is underlain by the Fire Lake Group. The Fire Lake Group represents an island arc sequence preserved as a roof pendant within intrusives of the Coast Plutonic Complex. The assemblage has been subjected to thrust faulting, large amplitude folding, and regional metamorphism up to greenschist facies. The Harrison Lake shear zone occurs to the east, in the Lillooet River Valley, which is known regionally to be an important control to mineralization. Diverse styles of mineralization are found in the Fire Lake Group. These include syngenetic volcanic-exhalative mineralization, granodiorite-related stockworks and breccia zones, high angle thrust-related mesothennal gold-copper veins, and late, fault-related epithermal mineralization. The rocks of the Fire Lake Group have been correlated with those of the Gambier Group, host to the Britannia copper-zinc-silver-gold volcanogenic massive sulfide deposit. The Britannia deposit, situatedabout 65km to the west-southwest of the property, yielded approximately 47.8 million t...

  • Tana GoldFields Company

    Well-being, Industrial Design

    Taynam2_177_

    Tana GoldFields Company

    TANA GOLDFIELDS PLC was established in 2011 and incorporated in the United Kingdom as a PLC. It was subsequently listed as a public company on the GXG Exchange (symbol: TANA) also in the United Kingdom. TANA has an experienced management team in place with many years of experience in mining and business and our production partners are fully equipped and ready, eliminating long waits for drill equipment. Early stage sampling and analysis is currently underway in British Columbia Canada. TANA is also in the planning stage to begin work in Guinea Africa under a joint venture agreement to develop significant gold and diamond assets in that country. The company has corporate offices in London and operational offices in Quesnel BC Canada and Soumani Guinea in Africa. TANA expects to employ 12 to 15 people during its production phase and a geological staff of 3 during early phase work in Canada and a further 25 employees for its operations in Guinea.

    An Experienced Management Team The company has experts in mining, business, accounting and the public markets. All of our officers and operators have many years of experience. TANA GOLDFIELDS believes in employing ethical business practices and engaging with the communities, businesses and governments and to operate in work areas with integrity.