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- in reply to: Ideal Time for Facts #5908
ALERT
Last Sunday the Sacramento Bee published an article about the best and worse states for small business in America. Five states received an F grade: Illinois, Hawaii, Vermont, Rhode Island and California (F-). Excessive governmental regulations were the primary reason. It seemed correct to me, based on what I (Mike and I are old friends)read about agencies headquartered in Sacramento. Is it a malaise of blanket over rules? Or could it be specifically directed at producers? Or is it focused on gold mines? Or is it designed to control or conduct the affairs of Original Sixteen to One Mine?It would take some self-narcissistic wacko to think some small gold mining company would draw the attention of governments’ well paid authoritative public servants to order, instruct and command a lowly Sierra County Director of Environmental Health to drive another spike into the heart of such inconsequential business. Why would California pick on the Sixteen to One business? But think again.
I just hung up the phone after calling Michael Miller, president of this inconsequential gold mining company. He is not a wacko yet his intensity about a call he received shortly before my call shook me to write him this letter. He can put it on his website or not. Mike, you must.
Mike told about a call from Elizabeth Morgan, Sierra County environmental Health. She said that 5 guys drove up to Quincy and ordered her to drive up to meet them. They specifically asked why the Sixteen to One mine was not in her California Environment Reporting System. One told her to get the Sixteen to One. No other mines were targeted or mentioned. She called to “get us regulated”. She wanted to drive to Alleghany to do an inspection. Mike said mines are heavily inspected and he didn’t have spare time. She faces demands from State regulators to get it done. She said the fed EPA was demanding this. Mike questioned was this driven by California or federal regulators. She didn’t know. After a lively conversation, she said she would send him an email explaining. (Mike, copy the email you read me for the internet). This appears to be California driven.
Lynwood Westin reply to: Miscellaneous #5907Any under ground area would help to block remote mind reading frequencies. See http://www.hourofthetime.com/mindcont.htm This site will explain how remote mind control technology works. “To save your Mind, go into a Mine”. I thought that one up. Oh yeah!
in reply to: Clips from Alleghany #5906Looks to me like Alleghany is on track to get some rare summer rain! Rain in July? In California?
I hope that keeps your fire danger down for a little while!
-Fred M. Cain
in reply to: INTERSTATE COMMERCE AND SMALL MINES #5905None of the recipients of the letter below have answered or acknowledged my concerns. I’ll spend the money and send it again certified with return green card.
There is no doubt after an additional month of researching the doctrine of commerce that MSHA lacks the authority to enter and inspect all the mines in the Alleghany Mining District. I am confident that the same holds true in other areas.
What MSHA or whoever else hangs onto this outdated and illegal practice fail to realize is: ALL THESE MINES THROUGHOUT THE UNITED STATES WILL PROVIDE JOBS, USA PRODUCTS AND GROW INTO PRODUCERS THAT WILL AFFECT INTERSTATE COMMERCE. If this happens, the nation will benefit. If this happens MSHA will be more active as well. Hard rock gold mining in the Sierra Nevada is pathetic! Regulations, compounded with administration abuses are a primary factor why the gold mines are idle or understaffed. Another primary factor is a sordid history of money grubbing stock promoters, who have fed on eager risk takers willing to gamble with gold. We can deal with both. The time has arrived. Action is needed now. Write me.
in reply to: Clips from Alleghany #5904Thank you for going out of your way for the benefit of the shareholders. Always great to spend a day up there at meeting/mine/Rosies (and hard to leave)
in reply to: Miscellaneous #5903Underground excavations have a long history for preserving items of value. Ours has a near constant fifty degrees temperature. The sun or other forms of light are not a factor of concern. Humidity depends of the nature of the deposit where one stands. The million plus cubic feet of space range from dry to moist to wet. It is fireproof and would be difficult to rob. High frequencies are not a legal problem. Inquirers welcomed.
This topic will have a short singular life before moving to Miscellaneous.
in reply to: Miscellaneous #5902I think that thought controlled airplanes would be pretty scary. *BUT* I am having a bit of trouble making the connection to the Original Sixteen To One mine.
-FMC
in reply to: Miscellaneous #5901With thought controlled Airplanes being advertised for sale now. Perhaps our Gold mines may become worth more in protection from remote mind reading technology in the future. See Foxnews.com for the “Thought Controlled Airplane”, under the technology section. This is no joke. What do you think about this?
in reply to: Clips from Alleghany #5900From all comments Saturday’s annual shareholder meeting was a success. The weather cooperated, sunny but not too hot. The Alleghany Volunteer Fire department Auxiliary prepared a delicious taco lunch. Shareholders and guests toured the shops, map room, and underground mine. Many bought gold jewelry, gold specimens and the popular Sixteen to One tee shirts. Everything worked. Nothing broke down. The grounds were attractive. Total people count was 130.
Besides all the mine talk shareholders or guests approached Mike with the question, “Where can I buy shares?” His answer was that the company does not sell stock to the public. The only places are the great unknown gray market, something discussed for years or through our web site. The web site brings existing shareholders and people offering to buy shares together. We all know this but Mike discovered a new source of information: a daily tabulation of OSTO (stock symbol) of dates, prices and volume of transactions. Upon a careful review of the data from January 2, 2014 through May 12, 2014, a planned semblance of “trades” is underway in order to establish a low and false market cap value. There were twenty trades;. 195,328 shares exchanged ownership. Or did it?
in reply to: INTERSTATE COMMERCE AND SMALL MINES #5899.
TODAY I MAILED THE FOLLOWING LETTER TO THREE GENTLEMEN IMPORTANT TO OUR INDUSTRY. I included a private comment to assist their investigation. Anyone with information may contact me or the three persons below.U.S. Department of Labor Wyatt Andrews
Mine Safety & Health Administration
991 Nut Tree Road
Vacaville, CA 95687Assistant Secretary of Labor Joseph A. Main
U.S. Department of Labor-MSHA
1100 Wilson Boulevard, 21st Floor
Arlington VA 22209-3939Deputy Assistant Secretary Douglas L. Parker
U.S. Department of Labor-MSHA
1100 Wilson Boulevard, 21st Floor
Arlington VA 22209-3939PREAMBLE
Congress declared findings and purposes contained in the Federal Mine Safety and Health Act of 1977 to protect America’s miners. Specifically identified in Section 2 are: health, safety, improving working conditions, future growth, and the disruption of production and the loss of income to operators and miners. It is in the interest of all Americans to protect mining.Section 103 prescribes conditions for gathering information with respect to mandatory health or safety standards, such as no advanced notice of an inspection shall be provided to any person which is not an exception to the requirement. (Sec. 103 (3).
Information obtained by MSHA is to be obtained “in such a manner as not to impose an unreasonable burden upon operators, especially those operating small businesses”. No person shall interfere with the exercise of the statutory rights of any miner. Whoever knowingly makes any false statement shall upon conviction, be punished by a fine of not more than $10,000, or by imprisonment for not more than five years (Sec. 110. (f).
REQUEST TO THE SECRETARY OF LABOR
Original Sixteen to One Mine, Inc. (OSTO) and its employees request the Secretary of Labor or its agent to investigate an anonymous telephone call placed to the Western District in Vacaville, California on May 6, 2014 or May 7, 2014. The person knowingly made false statements regarding property owned by OSTO resulting in the disruption of future production and the loss of future income in addition to expenses incurred by the OSTO and its miners.
Congress granted broad enforcement rights to protect America’s vital mining industry from harm and interruptions. OSTO demands that you exercise your granted enforcements established to protect our vulnerable industry. The anonymous phone call alleged illegal storage of explosives, processing marijuana and alcohol. The caller caused costly and unnecessary loss of private and public money. The caller must be brought to trial in order to send a message that will stop others from making specious claims of illegal activity.
On behalf of OSTO, its shareholders and employees, Sierra County, California and the United States, and as President of America’s oldest gold mining operator, I declare to take whatever time is necessary to assist your investigation and prosecution of the offender.
Michael Meister Miller, President
June 10, 2014in reply to: Gold Enters Major Bull Market #5898Well folks, the jig is up. The bull market in gold is over. You can read about it by copying and pasting this address to your browser:
http://www.bloombergview.com/articles/2014-06-04/kiss-gold-bull-market-goodbye?cmpid=yhoo
The title of the article is “Kiss The Gold Bull Market Goodbye”. Yes, it really is over. Sheesh ! What’s hard to figure out is that people just never seem to learn. This is another classic case of the “herd mentality” again.
I do not invest in gold metal or in gold metal funds. But, if I did NOW would be the time to buy for sure! If you want to get into something like this you need to buy when prices are down, not when they are flying sky-high.
A couple of years ago when gold was on a tear and closing in on $2,000 a troy ounce, I remember thinking to myself that if *I* owned any gold, I’d sell it and sell it NOW! History has proven me right. I suspect history might well prove me right again this time. If you want to own gold, buy it now! The rock bottom might still be a long way off but one thing’s for sure. We are a lot closer to the bottom now than we were three years ago! No one ever knows exactly where the bottom to any market is but if you buy something after a big, bear market loss you have a good chance of at least hitting it close.
Like I say, though, people don’t seem to be able to learn this. They make the same mistake over and over again by trying to buy something when it’s hot. They did that with technology stocks in the 1990s. They did it with real estate stocks in the 2001 – 2007 period and then they did it again with gold two, three and four years ago. They buy near the top of the market when something is hot then panic and sell it when it falls. They end up buying high and selling low.
I do not and will not buy gold. Why not? Well, please don’t spread this around but it’s because gold metal itself does not and cannot produce any earnings. *BUT* gold MINING companies do produce real earnings. So, as far as I’m concerned, now is not only a good time but a GREAT time to buy gold and silver mining stocks. Which ones? Personally, I am zeroing in on the Original Sixteen to One mine. But don’t get me wrong, I am not recommending that. That’s just what I’m doing, that’s all. After all, what do I know?
Regards,
FMCin reply to: How to Approach Thin Veins & Cost #5897Michael,
A most interesting post from you as usual. I have a couple of thoughts on this. The first one is that I think I can see somewhat of an analogy here between mining and agriculture. There are many “BIG” farmers today who are using these absolutely humongous machines, many of which sell for a hundred or even TWO hundred THOUSAND dollars (or more) a copy. Needless to say, these guys end up taking on a lot of debt.
Many of the smaller farmers who are STILL farming with 1950’s era tractors (or at least 1950’s sizes of tractors) are doing every bit as well as the big guys, never mind some of the Old Order Amish who are still farming with horses!
The second thought is that I am still puzzled and bothered by the difference between so-called “trackless mining” and more traditional, rail-based mining. As you know, most if not all of the “Big Guys” have gone completely trackless. And, as you know, trackless mining demands absolutely HUGE adits and drifts to allow the trackless machines room to maneuver and pass each other. And the trackless machines themselves are not exactly small ticket items. How can this be more profitable than using rail haulage? My suspicion is that it might not be. So, why are they doing this?
To return to the agriculture analogy, why are big farms using quarter million dollar farm machines bought on credit? Does “herd mentality” play a role here? Or, is there an element of pride of farmers (and mining companies) all wanting to be the best at doing the “LATEST thing”?
One thing that would seem obvious to me is they go for this stuff in order to increase their volume. The big machines do indeed succeed at that. But if those huge machines increase your volume by a factor of ten and also increase your costs by a factor of ten, how much further ahead are you?
I am reminded of the old joke about the farmer who was driving watermelons to the market in his old, beat-up Ford pick-up truck. He found that he was losing about 10 cents per melon. Then he found what he thought was an obvious solution. He went and bought a much larger truck so he could haul more melons!
Is this what might be taking place with trackless mining? I also belong to a couple of other mining forums. One small coal miner from Pennsylvania told me that he likes the quaintness and the history of rail haulage but as a miner he’d rather work with trackless equipment (possibly in an air conditioned cab, eh?) because it’s more “flexible”. There’s nothing that’s worse, he told me, than dealing with a strategically placed derailment in a rail mine.
Another hard rock miner from Arizona told me there’s no way he’d even consider going trackless if for no other reason than he didn’t know how he’d deal with the fumes. He’d have to put in a much larger and more expensive ventilation system. So, right there you have two conflicting viewpoints from miners.
I still haven’t found what I feel are satisfactory answers to my trackless vs. rail questions but there is one thing I am sure of. The Original Sixteen To One mine is doing just fine using the methods that you’re using. Good for you! “If it ain’t broke don’t fix it”.
Regards,
FMCin reply to: Gold Enters Major Bull Market #5896Gold For the Close of May
Posted on May 29, 2014 by Martin Armstrong
Gold is moving into the June seasonal low on schedule. A closing for the month on a Nearest Futures basis tomorrow below 1251 should result in the sharp decline. A monthly closing BELOW 1192 will warn serious of a sharp decline that will more than likely break the $1000 level. C A U T I O N is highly advised.
in reply to: How to Approach Thin Veins & Cost #5894Even though my mining in California spans forty years, it still surprises me when the need and importance of defining our work becomes an “Ah ha” realization. No wonder so little of the general populace is in the dark about this vital industry. I just had an “ah ha” experience with the hidden costs of employing a miner. California has a very suppressive workers compensation history. The rates are high. Several governors tried to improve the system yet it remains a big reason why industry moves to another state.
State Fund notified us the base rates (per $100) will increase for underground miners ($41.38 to $52.85). Surface miners decrease ($22.86 to $22.16). Clerical decreases ($1.06 to $1.03.
I submitted the following work description for our miners during the construction stage of mining. It coincides with exploration and development, those methods of work prior to production. Tunneling is less expensive. The reason is somewhat clouded but I was told that there is a lot more tunnel work in California than underground mining. Therefore, accidents are spread over more hours in computing the risk for the insurer.
“Tunneling is an adjunct to or fore work to mining. It is a horizontal or inclined drivage for development or to connect mine workings, seams or shafts. It may be opened to the surface at one end and used for drainage, ventilation or haulage or as a personal egress (walking or riding) from mine workings. The tunnel miner is experienced in the use and handling of rock drills and shovel loaders and in tunnel blasting methods.”
My “ah ha” is the realization how much gold mining has changed to big automation equipment. The ‘miner’ sits in an air conditioned cab all day each work day operating his machine. It is skilled work and I’m not critical of the ‘miner’; however, he does not resemble the miners of the past. Our miners are a slice of the past. They multi-task, work in a small environment and the machines they operate are those used years ago. Why do the traditional California gold mines resemble the miners of the past? The gold deposit dictates how we mine the most efficiently. The 21st century is alive and well in the Sixteen to One but the method of mining reflects a prosperous past.
in reply to: Miscellaneous #5895May 28, 2014
California’s Billion Dollar Mistake
Dear Laissez Faire Today Reader,
The state of California thought they had it all figured out with the Monterey Shale deposits. Sure, the state was a financial disaster, with a bloated budget and special interests making it impossible for any significant change. But that didn’t matter because the state politicians found their “get out of jail” free card.
At least that was years ago, when an independent firm hired by the government told the state 13.7 billion barrels of oil lay underground. That’s a deposit larger than the Bakken deposits in North Dakota and the Eagle Ford shale find in Texas. Both those states are took advantage of their oil resources and are in the midst of an economic boom.
So California thought they were about to join in on the fun…
That was, until the most recent estimate. You see, the original firm slightly overstated how rich the California deposit was. And by “slightly” we mean they overestimated it by 96%. Instead of there being over 13 billion barrels of oil, there’s only… 600 million.
Sure, that might sound like a lot, but in the grand scheme of things, it’s nothing. And to many California politicians who were promised vast oil riches, it’s an absolute disaster. Now they can’t wait for the black gold payday that so many other states have enjoyed in recent years. Instead, they’re stuck trying to come up with ways to torture their financial numbers, and hold off their state’s financial reckoning day for another year.So what’s the Golden State going to do? Probably dig themselves a deeper hole. When politicians (even ones at the state level) put their money on the entrepreneurial spirit of oil businessmen, you know they’re just asking for trouble.
in reply to: Another U.S. precious metals miner goes foreign #5893Group,
All I can say is *WHEW!* What a relief it is! I think we all owe Michael a big, hearty thanks for all his efforts in helping to stall this totally absurd and completely unnecessary piece of legislation.
I, for one, am optimistic that this might not come up again right away. At least not for a few years although we probably always need to be on the watch.
I might add that I am also quite optimistic on the future of the Original Sixteen to One Mine. Optimistic and becoming more so all the time!
Regards,
Fred M. Cainin reply to: Another U.S. precious metals miner goes foreign #5892California can thank those who commented on the dangers of putting the bill into law. I received the following email from Dennis at EnviroMine, Inc. yesterday at 2:40pm:
“It has been confirmed that Senate Bill 1270 has not made it through the appropriations committee. That means the bill is dead for this session in the Senate.
Your letters and e-mails had an impact. I will keep you posted if any other news comes up.”
in reply to: Another U.S. precious metals miner goes foreign #5891Tomorrow is the date for the California Senate to move this bill forward or stop it. I sent the three senators most involved the following fax today.
The Senators are: Senator Kevin De Leon: http://sd22.senate.ca.gov /Phone: (916) 651-4022
Fax: (916) 327-8817Senate Pro Tem Darrell Steinberg: http://sd06.senate.ca.gov/ Phone: (916) 651-4006
Fax: (916) 651-4906Senator Fran Pavley: http://sd27.senate.ca.gov/ Phone: (916) 651-4027
Fax: (916) 651-4927Senate Pro Tem Darrell Steinberg May 22, 2014
Senators Kevin De Leon
Senator Fran PavleyRegarding: SB 1270
Dear Senators,
This proposed bill must not continue. The language may appear innocuous, but it will bring unwanted consequences to those in our vital mining industry. Most of the revisions are not needed to preserve, protect and enhance this necessary Californian business. It will hurt the general public, which I believe you are trying to give additional protection. It will hurt the young families eager to enter a tough blue collar well-paying job market…the life of a gold miner. It will hurt all business in rural counties where most of our valuable resources are deposit.When asked, I wrote my Sierra County Supervisor, Lee Adams the following comments:
“Lee,
Identify those underground operations today that are abusing the physical environment. Then propose a bill to address those concerns. Problems likely occurred long ago before the Surface Mining and Reclamation Act was legislated. It was needed in the 1970’s because mining experts discovered the technology to profitably extract minerals using high tonnage, open pit development. Operators today are aware of the need to restore surface excavations to a safe and nonhazardous state. The data gathered to support the need for the proposed language in this lengthy bill is both inconsistent and unreliable with evidence I have observed throughout CaliforniaThere is a most insidious, sneaky and outright fraudulent change in the proposed language. No doubt it was placed there by a hungry lawyer. It allows third parties to file lawsuits under SMARA. Similar language has cost the taxpayers billions of dollars under the water protection. This money was wasted when reviewed by careful analysis. Californians cannot open this door to needy lawyers and others using organizations as a front to make their living.”
Permit me to qualify my opinions regarding SB 1270.
Since 1983 I have been the President of the oldest gold mining company in the United States. Original Sixteen to One Mine, Inc. was incorporated in California in 1911 and has
operated mines in California since then. It is a traditional underground gold mine between Sacramento and Lake Tahoe. To even explore for minerals in California an operator must work through county, state and federal rules, regulations and standards, all of which emanate from some legislated law. Others in mining respond when asked about considering an investment in California, “Wrong zip code.”
Regulations are blamed for the hostile work environment in California as well as the mineral extraction industry. Farmers feel the same, as do too many other businesses. After years of working with the many governmental agencies, I reached a somewhat different conclusion to the regulations problem. The regulators are more the problem than the regulations they interpret and enforce. How has this happened? Government employees fear admitting that mistakes were made. In other words, they cover them up. They also react badly to overzealous fears expressed by members of the non-government sector. The time and capital burden falls on and over powers the small operators to defend these claims. The effects are much greater for them than for the large companies. This proposed language will bury the small miners. Their much needed products will be withdrawn from California’s economy. The public will be the losers as well.
California Senate Bill 1270 is scheduled for a vote on May 23, 2014. It is an unneeded change with unpleasant consequences for the public at large, taxpayers and natural resource industries. Please stop its ascension into law. Time is of the essence and I make myself available to you and your staff for details on this subject.
Sincerely yours,
Michael M. Miller, Presidentin reply to: Stock exchange listing #5890Re: your last sentence below.
Not all stocks that trade on the OTC market are shams, or trade in shady illiquid back room deals.Many large multi-nationals have de-listed from the NYSE and now trade OTC, such as Siemens, Nestle, Hitachi, Deutsche Telecom, etc.
(this not an endorsement of any of those names, and I have no positions – just using them as an example)in reply to: Stock exchange listing #5889cw3343,
Most interesting. I did not know that stocks were still being traded that way. That might be why I’m having trouble. Maybe no one at Vanguard is watching this or “picking up the phone” like you said.
Also, I had some one tell me that OSTO does not participate in the electronic “DRS” whatever that means. Not sure if that’s a related issue or not.
All this leads me to believe that you should buy your OSTO shares while you can ’cause the day might be at hand when this is going to get cut off.
I had one broker tell me that our current government “will have no rest until they succeed in completely shutting down the OTC market”. I hope it doesn’t come to that but…..
in reply to: Stock exchange listing #5887Bluejay,
I agree whole heartedly that something is just not quite right with the pink sheets. But I still don’t understand who would do this and why.
If a person had 4,000 shares of OSTO (OAU) why would they sell them at 18 cents and get $720 dollars when they could’ve sold them for 25 cents and fetched $1,000? I mean, doesn’t that defy logic?
Several possibilities come to mind. One is that the seller is doing some kind of a favor for the buyer through a prearranged agreement. Another possibility is that someone is manipulating the stock in order to help someone cover a “short”. (Short sellers borrow shares, not dollars, then turn around and sell them hoping to buy them back later after a price falls. But then if the stock rises instead of falling they’re in big trouble).
The third and most disturbing possibility is that someone is intentionally manipulating the stock forcing the price down because they figure they can take over our company later on the cheap. I hope not but that possibility cannot be completely dismissed. That is one problem that comes with having a very thinly traded stock like this. The stock is more vulnerable to manipulation than that of a big company on a major exchange.
I don’t know – no one knows for sure – but I have this suspicion that there are not millions, not billions but perhaps TRILLIONS of dollars of gold locked up in the quartz veins under that mountain. That may have quite possibly come to someone’s attention. If they can trash our shares then pick up the mine for a song, they will probably try.Regards,
Fred M. Cainin reply to: Stock exchange listing #5888The first paragraph in the post below sums it up fairly accurately. The term pink sheets is derived from the pink booklet that used to get distributed in the old school days. Often you would not know the price until you got the printed Pink Sheets.
From my experience, some of the trading in OSTO is still done old school where the trader has to pick up the phone and call at least a few other traders to see if there is any stock for sale/size/price, etc. This makes it iffy for someone just entering an order on an online brokerage account.
BTW, on 5/12 it was 3 trades:
3000 at .171
400 at .12
14,600 at .18in reply to: Stock exchange listing #5886As a result of your experience, I would guess the pink sheet’s operation is criminal. The government agencies will never prosecute as their next jobs will probably be working for the same criminals. Markets use to be honest, things have changed.
in reply to: CDAA Conduct #5885Considering the story below, the CDAA should be locked up, all of them.
Editor’s note: Catch the Latest Happenings with Kitco Video News!
In numbers: Life-threatening work all over the world: Mining’s death toll
Guardian (UK)
By John Vidal
Thursday May 15, 2014 12:00 AM
Mining is one of the most hazardous jobs. There are few reliable figures but unions estimate that about 10 million people dig for a living and 12,000 may die every year from roof falls, explosions, fires, flooding and other underground and surface accidents.There is even less reliable data on the injuries incurred by miners but tens of thousands of people have their health damaged every year from conditions such as pneumoconiosis, hearing loss and the effects of vibration, says the Geneva -based global union IndustriALL, which represents 50 million workers in 140 countries in the mining and energy sectors.
Most fatal mining accidents now occur in the “informal” sector, where poor people, mainly in developing countries, dig for gold or other minerals with few resources. Their deaths and injuries are seldom recorded, says the UN’s International Labour Organisation .
“Worldwide, there are fewer accidents now in the formal sector than there were 10 years ago, but some countries still do not systematically record and report their performance. At the same time, the informal mining sector is still rife with accidents and health hazards,” said Martin Hahn , ILO mining specialist.
China , which mines one-third of the world’s coal and employs nearly half the world’s miners, has the worst record for accidents. According to the central government, 1,049 Chinese died in mine accidents in 2013, a 24% decrease on 2012 and a fraction of the 7,000 or more who died in 2003. However, human rights groups caution that the latest figures may be significantly higher due to under-reporting by unregulated mining companies.
Most of the major accidents in recent years have been in private as opposed to state mines. At least 104 people died in 2009 in an accident in Heilongjiang .
Turkey is renowned for its coal mining accidents, says IndustriALL. “In 73 years more than 3,000 miners have been killed in Turkey . Every death in a mine is avoidable,” said IndustriAll. In 1992, 270 men died in an accident in Zonguldak province.
But research from China , India and Europe suggests that mining is indirectly responsible for hundreds of thousands of premature deaths every year.
A 2011 study by a US air pollution expert suggested that emissions from coal plants in China were responsible for 250,000 deaths in 2011. A similar study of 111 major Indian coal plants by a former head of the World Bank’s pollution division, calculated that coal power plants were responsible for 80,000-120,000 premature deaths and 20m new asthma cases in India . Both studies were commissioned by Greenpeace .
“Hundreds of thousands of lives could be saved, and millions of asthma attacks, heart attacks, hospitalisations, lost workdays and associated costs to society could be avoided, with the use of cleaner fuels, [and] stricter emission standards and the installation and use of the technologies required to achieve substantial reductions in these pollutants,” said the report.
A third study from Stuttgart university in Germany in 2013 estimated that air pollution from Europe’s 300 largest coal power stations caused 22,300 premature deaths a year and cost governments billions of pounds in disease treatment and lost working days.
10 million
The estimated number of people in the world who mine for a living, of whom 12,000 die in accidents every year
1,049
The number of Chinese miners killed in 2013, according to the government, compared with 7,000 dead in 2003
3,000
The number of Turkish miners killed in accidents in the past 73 years, including 270 in an accident in 1992
250,000
The number of premature deaths in China attributed to emissions from coal plants, according to a study
(c) 2014 Guardian Newspapers Limited.
in reply to: Stock exchange listing #588418 THOUSAND shares traded today at 18 cents! I didn’t get any, though, even though I had a higher bid on them. But higher bids don’t seem to matter much in this market. 🙁
Regards,
Fred M. Cainin reply to: Gold Enters Major Bull Market #5882Group,
Do you suppose there’s any truth to this article?
http://finance.yahoo.com/news/collecting-huge-gains-worlds-next-062902771.html
Collecting Huge Gains From The World’s Next “Gold Rush”
.When I first heard this I was shocked.
During a recent trip to Asia, I received one of the most startling tips I’ve ever heard.
I met up with a long-time colleague of mine named Andrew, who runs an investment firm in Singapore. This is a man who’s made millions of dollars trading gold and other commodities.
He told me that right now, Chinese officials are quietly building the world’s largest national reserves of gold bullion… and within the next year, the Chinese government wants to shock the markets with a surprise announcement of their pumped up holdings.
Sudden word of a buyer like China having tied up so much supply would almost certainly be a hair trigger for gold prices moving up — and send share prices of a handful of gold producers through the roof.
And because several of these producers pay dividends, it would also give income investors a chance to take advantage of this big growth opportunity, too.
I immediately started looking into this “Gold Rush” story… and it turns out that it’s really happening.
Over the past 12 months the Chinese government has been stockpiling gold, with unprecedented quantities being bought and sold through markets in Beijing, Hong Kong and Shanghai.
Some of this buying is being reported… but the majority of it is not. The Chinese government is notoriously tight-lipped regarding their finances.
As currency expert and bestselling author, James Rickards, explains:
This Unloved Stock Could Pay A 14% ‘Dividend’ In 4 Weeks]
“If you’re China, the last thing you want to do is be transparent about your gold purchases, because it will drive the price up.”Because of this secrecy, few know that China (already by far the world’s largest gold producer) has surpassed India as the world’s largest gold importer for the first time in recent history.
You can see what I mean in the chart below. It shows Chinese gold imports over the past 6 years and record increases over the last 3 years.
in reply to: Gold Enters Major Bull Market #5881Gold $1300.60 UP $15.70
Silver $19.46 UP $ 0.44Posted on May 2, 2014 by Martin Armstrong
So far gold’s rally is an outside reversal to the upside on a daily basis, not weekly. The Weekly Bullish Reversal stands at 1336. Support lies at 1280-1272 for this week into next followed by 1240. Resistance starts at 1307 next week followed by 1331. Initial support will rise slightly to 1290.
We still see June and September as the key months ahead followed by next January. Keep in mind that a 3 year reaction from the 2011 high is 2014 but a 3 year from the highest annual closing is 2015.
It is looking more and more like we will see geopolitical on an international basis as well. These politicians on both sides are going to have a real problem when the economy in the US turns down. That is the only economy holding up the entire world right now. Once US consumers stop buying, the people will begin to rise up against government on a wide scale basis. Also keep in mind we have the US election in 2016 and there should be a sharp rise in third-party activity. We are also monitoring a rise in third-party activity everywhere including even in India. So there are a lot more political hot spots getting ready to bubble up to the surface.
in reply to: Another U.S. precious metals miner goes foreign #5880The SB 1270 legislation moving through the California State Legislature isn’t just bad, it’s beyond horrible. This legislation needs to be amended or, better yet, killed altogether.
The environmentalist movement in this country is out of control. What started out as a good thing has turned into a monster that is hurting businesses and people.
I did some online searching on SB 1270 today and turned up this site:If you can copy that and paste it to your browser that should take you to the home web page of “Reclaiming The Sierra”. At the top of the page is a picture showing severe and probably permanent damage from hydraulic mining done over a century ago. How long has it been since any hydraulic surface mining has been done in California? This is the kind of garbage they use to persuade public opinion. The hidden message is “all mining is bad”.
I sent an e-mail to this group this morning. I doubt they will even respond but if they do I will share their response with our forum.
Underground mines operating in the state using traditional mining methods should not be made to comply with this legislation. It will probably end mining in California. Maybe that’s their intention?
If there is anyone on our forum who is a legal resident of California, please, please, PLEASE, write to your state rep and senator and urge them to consider voting against this piece of mean spirited legislation. Write to Jerry Brown, too! Since I live in the Midwest, I am at a distinct disadvantage but I might just decide to write anyway. It probably won’t do any good since I’m not a resident but surely it couldn’t hurt, either.
Copy and paste this to your browser:
http://findyourrep.legislature.ca.gov/
Regards,
Fred M. Cainin reply to: Stock exchange listing #5878Looks like another 2,000 shares traded yesterday on the “grey” market for 10.4 cents.
And today – this is really weird – another 390 shares traded for the same amount.
That would yield the staggering sum of $40.56. Sheesh! Go figure.
in reply to: Ideal Time for Facts #5877You must check this out. One of the Sixteen’s biggest shareholders is being honored this week in Austin Texas. You will read about this event at the following web site.
http://optionsconference.com/agenda/sullivan-award/
Blair and Mike were class mates at UCSB, Sigma Alpha Epsilon fraternity brothers and longtime friends. Blair deserves this award, so go read about his accomplishments.
Do you remember that dark day in 1987, when the stock markets were free falling? Panic is not the word for those witnessing that day. Something happened that changed the course of history and saved the markets and the country from collapse. As the sell-off continued unabated, desperation would be how to describe it. Someone began buying. Someone stopped the collapse and serious despair that hung over the money market. Someone stepped forward in the midst of the crisis. It was Blair Hull, who began placing buy orders. This fact is not widely known but Blair deserves much more than the facts stated to the Sullivan award he receives this week. Check it out.
in reply to: Stock exchange listing #5876C.W.,
I understand what you’re saying. You might not have been involved in these trades in any way but it’s still fun to watch and follow, isn’t it?
There are some of us who suspect –even believe – that at 11 cents, never mind 9 cents, our shares might be very badly undervalued. I guess you can count me in on that. But, and I think this is important, the longer I watch this the more it is beginning to appear that some kind of a “floor” is beginning to form under the “grey” market share price.Hope springs eternal.
Regards,
Fred M. Cainin reply to: Stock exchange listing #5874for those who do not have access to info:
on 4/22 one trade 4600 at 0.09
4/14:
1000 at .19
1000 at .19
2000 at .25(none of this had anything to do with me, and is for informational purposes only)
in reply to: Stock exchange listing #5875A single block trade of 15,000 at 0.11
(again, just info – I am not condoning or endorsing anything in any way/shape/form)
in reply to: EMPIRE STRIKES BACK #5872Group,
You know, I might just write to the Union again. There were a couple of other “Letters to The Editor” published along with mine that I did not completely agree with.
There were two other contributors who thought it a travesty and an abomination to sell the Empire State Park. My point would be, that depends entirely upon WHOM they sell it to.
A privately owned mining company that knows what they’re doing might not only do a noble job but actually do a BETTER job than what the state has done.
A contract could be signed at the beginning legally binding the new private park to certain, specific obligations and criteria. For example, NO OPEN PIT OR STRIP MINING and a guarentee that admission-paying tourists get a good deal.
I have some additional thoughts on this but right now I’m still trying to get them organized. I will share they with the group if I’m able to organize them into another good letter.
Regards,
Fred M. Cainin reply to: EMPIRE STRIKES BACK #5871Great work guys for a worthy cause.
California’s treasury is empty. The agencies have been ordered to stop cash outflow and to increase revenues. This fire marshall crap sounds a lot like the endangered turtle crap in eastern Nevada against a cattle rancher.
California’s representative are no different from other states and the feds. Instead of telling you their real reason they point their fingers away from themselves and play the “blame game.” stabbing its citizens in the back with false reasoning for getting what they really want.
When some stood to defend their perceived rights(Constitutionally backed) against over zealous agencies, people like Harry Reid of Nevada start throwing around domestic terrorists jargon regarding BLM rangers being met with anger recently at the Bundy Ranch when the government case is more crap.
in reply to: EMPIRE STRIKES BACK #5870Michael,
Hey, great news there! I hope it does some good! Maybe if the state gets enough irate letters and e-mails they might begin to budge.
I have wondered if this isn’t a classic example of the government’s right hand not knowing what the left heand’s doing?
It seems like someone in the state government was really pushing this adit project hard while someone else at the State was absolutely determined to make sure it would never open. Didn’t you say that it was pretty much ready to go back in ’06 or ’07? So, why didn’t they just open it then?
Makes no sense to me at all. Then again, neither does the California State Water Board make any sense to me.
Regards,
Fred M. Cainin reply to: Stock exchange listing #5867cw,
Uh, yeah, there is a story behind this. I am partly responsible, I’m afraid. I hope it’s for the better!
in reply to: EMPIRE STRIKES BACK #5869Fred’s letter along with two others were printed in the Grass Valley Union. Find all three under the NEWS topic at the left. Thanks Fred.
in reply to: Stock exchange listing #5868No one should be afraid of a purchase into this 100 year old corporation at twenty-five cents a share. Regarding the two comments below; how many shares were sold at $0.25?
Fear is like a fire: If controlled it will help you; if uncontrolled, it will rise up and destroy you. Human actions depend to a great extent on fear. We do things either because we enjoy doing them or we are afraid not to do them. This sort of fear has no relation to physical courage. It is inspired by the knowledge that we are adequately prepared to face the future and events it may bring – poverty perhaps, or injury or death.
Every noble acquisition, and gold is a noble acquisition, is attended with its risk. He who fears to encounter the one must not expect to obtain the other. Please let us know when and how you got a stock certificate guaranteeing the acquisition.
in reply to: Stock exchange listing #5866Wow! Shares up over 100% yesterday, with an interday high of 0.25
bizzare…
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