TriTank TT20: our personal favourite, an entirely unique to APT advanced cyanidation system. These tanks have a wide range of applications and can be setup for Carbon-In-Pulp (CIP), Carbon-In-Leach (CIL), or Carousel operation.
The Elu-X is especially made for the smaller elution applications. Engineered in a minimalistic way, with safety and ease of use in mind, ensuring consistent high performance while keeping unnecessary costs at bay. An affordable, effective solution.
The RDGK: crusher and concentrator. Available as a stand-alone plant, itis simplyassembled on-site and can still easily be relocated. A trailer version is also available allowing you to simply take the crusher to site and you're ready to go. All compactand portable.
The GoldJigga: a manual hydraulic jig concentrator used to concentrate coarse nuggets of gold from coarse (+3mm) oversize material. This jig is highly durable and can be used in the most remote of locations as it does not run with any kind of electricity.
The RG30-T: this scrubber is part of our standard wash plant range and incorporates the GoldKacha concentrator. It comes fully assembled and is available in trailer version, allowing for optimal mobility and ease of operation when following your mineral resource.
Especially for small-scale mining applications, encouraging growth anddevelopment with high recoveries. A more sophisticated solution to traditional sluices, whilst remaining easy to operate. No mercury required, minimal operational requirements.
MINERS WAREHOUSE specialises in the supply and distribution of Mining Equipment to the small scale Artisinal Mining industry. Our range of equipment encompasses the entire requirement that a small scale mine will require from primary ore extraction including drilling and blasting as well as ore haulage and movement to ore processing, with high and efficient recovery rates and high production rates based on ore haulage from primary sources. Our ore processing and recovery equipment uses little to no chemical additives and we aim at a ZERO MERCURY mining environment.
Our equipment is well suited to miners producing 0.5 Tonnes per hour to 5 tonnes per hour. We offer free advice to our broad range of customers on the most efficient manner in which to mine their reserves whether they be Precious or Base Metals.
We pride ourselves on the supply of efficient and reliable equipment with the additional benefit of being able to offer the most suitable advice to each mining environment particular to each region and customer. We strive to be the foremost supplier and service provider to the Small Scale Mining industry in the Region.
Our Technical team offers full training and orientation on the equipment supplied to ensure that the customer gains the utmost benefit from the purchased equipment. We carry stock of all consumable spares and run a full work shop where we undertake services and overhauls on all equipment when required. We offer site visits if required by customers to train staff on the safe and efficient operation of their equipment. Our team can also offer valuable advice to the customer on how best to maximize production and increase life of mine.
A wide variety of small scale mining equipment options are available to you. You can also submit buying request for the abs sensor and specify your requirement on okchem.com, and we will help you find the quality small scale mining equipment suppliers.
There are a lot off suppliers providing small scale mining equipment on okchem.com, mainly located in Asia. The small scale mining equipment products are most popular in India, Pakistan, Vietnam, Indonesia, Brazil, Russia, Mexico, United States, Turkey, Germany, etc.
Small scale mining is easy when one knows how. This introduction may help the reader to start in small scale mining activity. The general information shall give a guidance on how to properly look into the future of own sustainable gold mining.
Just like in many other areas of business, knowledge is power. First thing to do in order to start a new gold mining activity is to obtain as much knowledge as possible for your future mining development. You certainly don't need to be an educated miner, but you do need to have access to knowledge and to experts that may help you during your beginning stage. Try to read as many prospecting books and instructions. Get acquainted with the prospecting tools such as metal detectors and gold sluices. Establish few local gold washing plants and process sand, soil or any kind of material, regardless if you are finding gold at the location or not. In fact, such actions, at first sight appearing useless, but they are going to help you in the real time situations. You do need to recognize the traces of black sand and heaviest minerals. You need to practically observe the minerals. Review the periodic table of elements again and especially find out the density or specific weight of gold, platinum, silver and other precious metals. Compare that to the specific weight of black sand and water, and go into deep understanding of the gold as precious metal. You should read at least few books on gold prospecting and some basic books on physics that explain characteristics of gold.
I am helping people worldwide to start a small scale mining company. While our focus is on Tanzania, we help people to start in Ghana, Papua New Guinea, Sierra Leone, Zimbabwe and other popular countries for small scale mining. You can send me email at any time for any matter. Karibu!
You should consider making a proper legal structure in order to minimize your taxes and increase your income. If setting up companies in other countries, you have to consider proper holding companies. You are interested to minimize local taxes, income tax, corporate taxes and any dividend distribution taxes. Share with the government what must be shared, but keep most of your income for yourself. Consider consulting yourself with attorneys or corporate specialist such as RCD Wealth or other similar international consultants. Your legal setup is going to determine the future of your mining company, take it very seriously as your life and life of you partners and family depends on the proper structure.
Out of all important factors, one has to know that gold market is well developed and that one can sell gold pretty easy. Gold is sold easily, usually for cash in many locations of the world. Regardless where you are located, there are many gold dealers who are purchasing gold for highest prices on the market. You may work with local gold dealer, however, you should search for a gold dealer with quickest and most accurate turnaround times. Cash paid within 24 hours or at spot is the best that you may get. Distance to the dealer does make difference when mining in remote areas. You need to be able to quickly sell the produced gold without thinking. Raw gold contains silver and other precious metals. A good gold dealer is going to pay you for all precious metals that you deliver to them. Try to obtain the information where all the gold dealers are selling their gold. This may be a larger gold refinery. Contact the gold refinery and see how you can sell your gold and silver produced in your own gold mine directly to the refinery.
As your next step in starting a new gold mining activity, you would search for the appropriate mining land. You may purchase such land, or acquire it as mining claim or in some countries pay for the mining license. You may also enter the joint venture with the mining land owner or license owner. There are numerous opportunities to consider and you need to find out what is best for you. My advice is to start in any manner you can while having long term strategy to expand to new mining lands and to acquire one such license yourself. Make sure you have the proper mining license so that you can actually start quick in production of gold. Some of companies located in United States and Europe, have been waiting for years to acquire the mining license. Don't let this happen to you. If you are after mining, simply choose another country and go there. African countries such as Tanzania, Ghana, Zimbabwe, Congo, Mali have all those opportunities waiting for you with season 12 months long.
Engage in practical prospecting on the mining land that you have found. Observe environmental laws at all times. Practical prospecting need not be expensive. Watching small scale miners in Africa will give you tremendous practical approach. It may be so simple that it may look unbelievable. A western geologist with best education may need days, weeks, even months to prepare the proper report of the minerals on such mining land. That is certainly necessary for any large operation. However, African geologist with much less education, by using practical approach, may tell you exactly where is the gold, and within 10 minutes may demonstrate you that gold is there. Learning the most practical approach is of tremendous value. On numerous lands in Africa, one may start within a day to process material. Prospecting for gold is a big subject and its values and technology and effort required cannot be underestimated. Still you need to think for yourself how to get quicker into the business and real gold production by using any means that come available for least expenses possible.
Your next step would be to prepare your mining land for the work and in many cases for living. You do need a living space on the mining land, be it a tent, a living container or cabin or a brick house. You and your team, your employees do need a space for living at the place without traveling to distant cities. You are going to need kitchen, and space for material processing, tools, and all the equipment. You would clean the area from any trees or other obstacles. If there are any dangerous animals such as snakes or snake holes, you would need to take care of it. Any existing pits or shafts have to be carefully marked so that people don't fall into it. Think of security for people in the first place. You need to establish yourself on the mining land and to feel as safe as at home.
By using nearby villages you will find many people willing to work in the small scale mining company. In African countries it is very easy to employ local workers. By providing them some necessary accommodation, food and medicine, they will know you take care of your team and will be loyal to you. Do not underpay your workers. Offer them the average salary but fair to their work. We recommend that each person shall be paid based on their performance, rather than on the time worked. If the performance is double in the same time in comparison to other worker, the person shall receive the double pay. You will not be able to recognize in the first stage who is who and what character your workers have. During the time, this is going to be filtered, and some people will go, some will be fired and most of good people will stay working with you.
The acronym EQV stands for Equipment, Quality, Volume. It relates to three most important factors in the selective mining and small scale mining activities. The mining Equipment has its certain potential capacity. It shall be correctly evaluated including the number of people required to handle such equipment. If more people would raise the potential capacity of volume that may be processed, than the maximum number of people with equipment shall be calculated. If your mining equipment has capacity to handle 30 tonnes of material every day with 5 workers, that is what you wish to achieve daily and routinely. You are targeting the maximum available equipment capacity. The Quality factor relates to the higher grade of ores and better concentrate. Quality is relative to your results. One has to constantly keep an eye on better ores with higher grades, including to improve the Equipment factor and Volume factor to increase the Quality. The Volume factor relates to the amount of ores that is processed. There are many ways how one can increase the Volume processed, such as properly using Equipment, increasing the number of people, supporting the workers during the mining, awarding people for better performances, keeping discipline and working in few shifts.
Small scale mining groups and associations usually do not invest much or pay more money than they produce. This is very important in life and in business. One has to start with least expenses and produce more income over expenses.
Once you have established proper ratio of Equipment that relates to Quality of ores and daily and routinely Volume handling, you will be able to calculate how to maintain sustainable mining activity. One has to observe the expenses in relation to handling and maintaining the Equipment, Quality and Volume. There are also other expenses such as administration, royalties, taxes, research and much more. All expenses have to be lessened down with income and gold production increase. The gold mining production can be easily sustained or maintained if one has proper knowledge for it. It can also easily fail. The difference between the failure and success is in the learning, training and application of the knowledge.
Start Your Own Gold Mine is a fully integrated and straightforward business program that helps people to start with the small scale mining company and to produce the first 5 kilograms of gold. The program helps the investors and businessmen to start small without expensive payments for mining claims, research, geological reports and organization. It is mentor guided consulting and guidance program that helps the businessman to carry out all necessary steps to reach the gold production time.
If you wish to call mentor Mr. Jean Louis for anything relating to Start Your Own Gold Mine simply call the number or on mobile devices click on this phone number +256771843538 to get immediately in touch, regardless of the time zone.
Contact us to Start Your Own Gold Mine. There is a simple rule at Start Your Own Gold Mine: if we can help you, we do, whenever and wherever necessary, and it's the way we've been doing business since 2002, and the only way we know
These five illustrated flowsheets fully described in the article Small Gold Ore Processing Plants follow a natural sequence. These start with a very simple. Flowsheet AA, and then by the addition of the more extensive equipment, it is possible to take care of slight changes in the ore as well as improve recovery. The following tables include the tonnage handled per day in each mill, the total amount of power required for operation, tons of water needed for milling, weight of machinery and approximate machinery cost for each mill according to the flowsheet utilized. These estimates are based on belt driven machines and are FOB factory. Motor driven equipment costs approximately ten per cent more than belt driven.
Flowsheet BB has a Mineral Jig and Amalgamator in addition to equipment required for Flowsheet AA, and is used for an inexpensive plant where values are coarse but minerals are coated or filmed and will not amalgamate readily on plates. Jig recovers rusty values in a high grade concentrate for forced amalgamation treatment in Amalgamator. On these ores, blankets, corduroy or Gold Matting usually are substituted for amalgamation plates and their concentrate also treated in Amalgamator.
This flowsheet with the addition of the classifier allows finer grinding and the jig used in the closed grinding circuit has increased efficiency. It will give the highest recovery possible for amalgamation and gravity concentration.
The addition of flotation brings recovery to the highest point as slime values are recovered as well as more granular minerals. Values that can be amalgamated are secured in bullion form and remainder are recovered in flotation concentrate. This flowsheet necessary where minor percentage of values are present as metallics, at commercial fineness of grinding, and where the minerals are friable and easily slimed in fine grinding such as galena or the various telluride minerals.
Small scale gold mining project in Zimbabwe.Looking at producing minimum of 1.5kg of gold per month.Expand gold exploration drilling sites to achieve minable gold reserves of more than 2,000 ounces and be able to increase gold production but not limited to 7,500-10,000 ounces starting January 2020. Provide gold processing services to small scale miners thereby increasing revenue.Gold produced is sold to local refinery.Seeking an investor to provide modern machinery and equipment to achieve the project goals. Investor will be offered a 50% stake in the mine and this is open to final negotiations.
Once an entity/individual is issued with a mining claim/right by the Ministry of Mines, it is assurance that the minerals are already on the place. With this assurance, what is left is for the owners to extract the precious mineral.No marketing is needed as Gold produced is sold to a local refinery which is controlled by the Reserve Bank, thus, returns are guaranteed.
We are mainly looking for an investor to bring in modern machinery and equipment for mining and not necessarily funds.If the investor come in with funds, then we will use these to acquire the equipment and the remainder for operational purposes i.e. building structures on the mine premises and miscellaneous start-up expenses.
We are seeking $110,000 for acquiring a mobile gold processing unit. We expect full recovery of cost plus profit after approximately a year. We do not need an investor hands-on but are not opposed to the idea.We are offering a 50% stake in exchange for capital investment or minimum financial investment of $90,000- $250,000. Interested investors can inquire further. All other modalities will be discussed with the investor.
As part of efforts to sanitize the small scale mining sector and protect the environment, particularly water bodies and forest reserves, the government is making available Mercury-free mining equipment to small-scale Miners.
Do you want to start a gold mining company? If YES, here is a detailed sample small scale gold mining business plan template & feasibility report.There are money spinning businesses that are monopolized by wealthy people and accredited investors and one of such businesses is operating a gold ore mine.
The gold ore mining business is indeed a profitable business, but you must be ready to scale through very high barriers before launching this type of business. If you have conducted your market research and feasibility studies, the next step to follow is to write a detailed blueprint of how you intend raising your seed capital, setting up the business, managing the flow of the business, sorting out tax and marketing your services amongst others.
Players in the Gold and Silver Ore Mining industry primarily mine gold and silver-bearing ores. Mining activities include the development of mine sites and the on-site processing of ore into a concentrate or bullion. Gold and silver ore mining companies typically retain ownership of the semi-processed gold or silver products and pay for further refining on a toll-charge basis.
If you are an observer of the Gold and Silver Ore Mining industry, you will notice that the industry revenue is largely a function of production volume and commodity prices. For the Gold and Silver Ore Mining industry, output volumes and sales prices for both gold and silver have fallen over the past five years, leading to significant industry contraction.
Meanwhile, demand from manufacturers of electrical equipment, electronic products and jewelry, which comprises the industrys primary markets, has stagnated or even declined over the past five years as a result of high import penetration and input costs. Overall, industry revenue is expected to decline over the five years to 2017.
In the united states of America, the industry generates over $9 billion annually from more than 162 gold and silver ore mining companies scattered all around the country. The industry is responsible for the employment of over 14,282 people. Experts project the industry to grow at a -9.0 percent annual rate. Barrick, Kinross Gold and Newmont are the market leaders in this industry in the United States of America; they have the lion market share in the industry.
A recent report published by IBISWorld shows that the five years to 2017 have been volatile for the Gold and Silver Ore Mining industry. The report further stated that the industry revenue spiked until 2012, proving this industry to be one of the few that benefited from the financial crisis, as well as the years of economic instability that followed.
In times of economic turmoil, investors look to buy safe-haven assets such as gold and silver, causing gold and silver prices to surge. This helped industry revenue to grow through to 2012. In fact, strong demand from domestic and international investors drove gold prices to all-time highs. Furthermore, an undersupply of gold due to decreased industry production in the 2000s further contributed to the spike in prices.
If you are considering starting a gold mining business whether on a small scale or on a large scale, then you should ensure that you obtain all the necessary permits from the local, state and federal government. The truth is that this type of business does pretty well when it is strategically positioned.
In summary, gold mining business is a profitable business venture and it is open for any aspiring entrepreneur to come in and establish his or her business; you can choose to start on a small scale on a large scale with robust distribution networks all across the United States of America and other countries of the world.
Our business goal as a gold mining company is to become the number one choice of jewelry making companies and other companies that make use of gold and silver in the United States and other countries of the world. As a business, we are willing to go the extra mile to invest in owning our own environmentally friendly gold and silver mines and also to hire efficient and dedicated employees.
We have been able to secure permits and licenses from all relevant departments both at the local government and state level in the United States of America. TTK Gold Mining Company is set to redefine how a standard gold mining business should be run all across the world. This is why we have put plans in place for continuous training of all our staff.
The demand for gold and silver is not going to plummet any time soon which is why we have put plans in place to continue to explore all available market around the United States and other countries of the world. In the nearest future, we will ensure that we create a wide range of distribution channels all across the United States of America and other countries of the world.
TTK Gold Mining Company will at all-time demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible. We will ensure that we hold ourselves accountable to the highest standards by meeting our customers needs precisely and completely.
TTK Gold Mining Company is a partnership business that will be jointly owned by Tony Kenneth, Tyson Barker and Karis Murphy. Tony Kenneth who is the Chief Executive Officer of the Company has a Degree in Mining Technology with over 10 years experience working in related industry as a senior manager cum mining engineer prior to starting TTK Gold Mining Company. He will be working with a team of professionals to build the business and grow it to enviably heights.
TTK Gold Mining Company is established with the aim of maximizing profits in the gold and silver mining industry. We want to compete favorably with leaders in the industry which is why we have but in place a competent team that will ensure that our products are of high standard.
We will work hard to ensure that TTK Gold Mining Company is not just accepted in the United States of America, but also in other countries of the world where we intend supplying our products. Our products are listed below;
As part of our plan to build a top flight gold mining company in Boise County Idaho that will favorably compete with leaders in the industry, we have perfected plans to get it right from the onset which is why we are going the extra mile to ensure that we have competent employees to occupy all the available positions in our company.
Due to our drive for excellence when it comes to running a standard gold mining company, we were able to engage some of the finest business consultants in the United States of America to look through our business concept and together we were able to critically examine the prospect of the business and to assess ourselves to be sure we have what it takes to run a standard gold mining business that can compete favorably in the industry.
In view of that, we were able to take stock of our strengths, our weakness, our opportunities and also the threats that we are likely going to be exposed to in the United States of America. Here is a of what we got from the critically conducted SWOT Analysis for TTK Gold Mining Company;
Another factor that counts to our advantage is the background of our Chief Executive Office; he has a robust experience in the industry and also a pretty good academic qualification to match the experience acquired which has placed him amongst the top flight players in the gold and silver mining industry. We are not ignoring the fact that our team of highly qualified and dedicated workers will also serve as strength for our organization.
We do not take for granted the facts that we have weaknesses. In fact, the reality that we are setting up a gold mining company in the United States might pose a little challenge. In essence our chosen location might be our weakness.
The opportunities available to us are unlimited. There are loads of jewelry making companies and other manufacturing companies that make use of raw gold all across the globe and all what we are going to do to push our products to them is already perfected.
The threat that is likely going to confront us is the fact that we are competing with already established gold mining companies in the United States and other countries of the world. Of course, they will compete with us in winning over the available market. Another threat that we are likely going to face is unfavorable government policies and economic downturn.
Gold and silver mining is a lucrative business in the United States and Canada and in looking at the trends of these mega countries over the course of golds bull, it is apparent that the results vary quite substantially; and China and Russia that have experienced the biggest growth over this stretch. China in particular has carved out an incredible growth story, with its production volume up a staggering 92 percent since 2001.
Talking about the two North American land giants, their gold-mining trends have been ugly over the last decade or so. Incredibly, both the US and Canada have seen output fall by nearly a third to 2011s respective tallies of 237mt and 110mt. Their mature gold-mining infrastructures were just decimated by the secular bear that preceded the current bull.
Up until the 1990s the US and Canadas gold-mining industries operated like well-oiled machines, with the miners consistently putting forth sizeable capital towards exploration and development. Exploration was successful in renewing and growing the reserves that were being mined, and continual expansion and new development sustained and even grew production.
It is common trend in the gold and silver ore mining line of business to find mining companies positioning their business in locations and communities where they can easily have access to mines and of course cheap labor. If you make the mistake of positioning this type of business in a location where you would have to travel a distance before you can access gold and silver mines, then you would have to struggle to make profits and maintain your overhead and logistics.
Also, another trend in this line of business is that most registered and well organized mining companies look beyond the market within their locations or state; they ensure that they strike business deals with leading jewelry making companies in the United States of America and other countries of the world.
The truth is that if as a gold mining company you are able to become a vendor to one or more jewelry making giants in the United States of America or in other countries of the world, you will always continue to smile to the bank.
When it comes to supplying product from gold and silver mines, there is indeed a well-defined market. This goes to show that the target market for products from gold mining companies is far reaching. In view of that, we have conducted our market research and we have ideas of what our target market would be expecting from us. We are in business to engage in supply of raw gold and silver to the following organizations;
As a standard and licensed gold mining company, we know that gaining a competitive edge requires a detailed analysis of the demographics of the surrounding area and the nature of the existing competitors. And even if you are successful at first, new competitors could enter your market at any time to steal your regular customers. Hence we will not hesitate to adopt successful and workable strategies from our competitors.
Another competitive advantage that we have is the vast experience of our management team; we have people on board who understand how to grow a business from the scratch to becoming a national phenomenon. Our large and robust distribution network and of course our excellent customer service culture will definitely count as a strong strength for the business.
Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category in the industry, meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives. We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time.
One thing is certain when it comes to gold and silver mining, if your business is strategically positioned and you have good relationship with players in the jewelry manufacturing industry, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.
We are well positioned to take on the available market in and around the United States of America and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base.
We have been able to critically examine the gold and silver ore mining line of business, we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in the United States of America.
Below are the sales projections for TTK Gold Mining Company, it is based on the location of our business and other factors as it relates to small scale and medium scale gold and silver mining company startups in the United States of America;
N.B: This projection was done based on what is obtainable in the industry and with the assumption that there wont be any major economic meltdown and there wont be any major competitor offering same product and customer care services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.
Before choosing a location to start TTK Gold Mining Company, we conducted thorough market survey and feasibility studies in order for us to penetrate the available market in the United States of America. We have detailed information and data that we were able to utilize to structure our business to compete with other gold and silver mining companies.
We hired experts who have good understanding of the gold and silver ore mining line of business to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market.
Regardless of the fact that our gold mining company can favorably compete with other leading mining companies in the United States of America and in any part of the world, we will still go ahead to intensify publicity for all our products and brand.
TTK Gold Mining Company has a long term plan of exporting our product all across the United States of America and other countries of the world. This is why we will deliberately build our brand to be well accepted in Boise County Idaho before venturing out to other cities all across the United States of America and other countries of the world.
As a matter of fact, our publicity and advertising strategy is not solely for selling our products but to also effectively communicate our brand. Here are the platforms we intend leveraging on to promote and advertise TTK Gold Mining Company;
At TTK Gold Mining Company we will keep the prices of our products below the average market rate by keeping our overhead low and by collecting payment in advance from well established jewelry manufacturing companies that would require constant supply of raw gold and silver.
The payment policy adopted by TTK Gold Mining Company is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.
In view of the above, we have chosen banking platforms that will enable our clients make payment for our gold and silver without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.
From our market survey and feasibility studies, we have been able to come up with a detailed budget of how to achieve our aim of establishing a standard and highly competitive gold mining company in the United States of America and here are the key areas where we will spend our startup capital on;
No matter how fantastic your business idea might be, if you dont have the required money to finance the business, the business might not become a reality. Finance is a very important factor when it comes to starting a gold and silver mining business.
TTK Gold Mining Company is a partnership business that is owned and financed by Tony Kenneth, Tyson Barker and Karis Murphy. They do not intend to welcome any external business partner which is why they decided to restrict the sourcing of startup capital to 3 major sources.
N.B: We have been able to generate about $500, 000 (Personal savings $400, 000 and soft loan from family members $100, 000) and we are at the final stages of obtaining a loan facility of $1.5 million from our bank. All the papers and documents have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.
The future of a business lies in the number of loyal customers that they have the capacity and competence of their employees, their investment strategy and their business structure. If all of these factors are missing from a business, then it wont be too long before the business close shop.
One of our major goals of starting TTK Gold Mining Company is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to supply our raw gold and silver a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.
TTK Gold Mining Company will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our companys corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.
As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.