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http://bit.ly/1cPY9AA The gold mining sector is braced for asset writedowns and a fall in the amount of reserves in the ground after the precipitous drop in the price of the metal this year. Some of the world's largest gold miners face having to tell investors that their growth has gone into reverse because the falling price has made it uneconomic to mine some of the areas previously classed as reserves. Miners' reserves are vital to their prospects and valuations, since companies would quickly shrink if they did not replace what they dug from the ground each year. Rising price expectations have until now helped gold miners be more optimistic about their reserves and to include ounces that they would previously not have been able to mine profitably. For more information: http://www.writerscafe.org/groups/TANA-Goldfields-UK/10719/forum/22687/ http://www.tanagoldfieldsuk.n.nu/gold-miners-braced-for-cuts-in-reserves-after-plunge-in-prices

Hedge Funds 'Could Cause Disaster' for Gold TANA GOLDFIELDS Mining Fraud Investment Tips Peter Hambro, one of the leading figures in Britain's gold mining sector, has criticised hedge funds for distorting the market for gold and warned that there is potential for "disaster" in the industry. Mr Hambro, co-founder and chairman of Russian gold miner Petropavlovsk, made the comment in an interview in The Sunday Telegraph. The gold price, fixed at $1,376.12 per troy ounce in London on Friday, has fallen more than 30pc from a 2011 peak of more than $1,900. Figures from the World Gold Council last week showed that ownership of the world's gold shifted further East during the first half of 2013. Source: http://www.experienceproject.com/stories/Tana-Goldfields-Articles/3379489 https://groups.diigo.com/group/tana-goldfields-articles/content/tana-goldfields-articles-10-tips-how-to-avoid-gold-investment-scams-10180248