Introduction: Castlestoryonline: What Is the Mining Scam Prevention Discussed in Black Hawk Mines Bulletin?
First, i read the topic at Black Hawk Mines Bulletin, where people started to practice mining many years ago. At first it was thought to be very helpful to mankind but as the years go by and as we discover many things to mines, the disadvantages of mining also evolved.
The definite advantage of mining is that it brings large amount of profits for the companies doing the mining and jobs for the people. It supplies raw materials that provide convenience to daily living. But more disadvantages come along with mining. The downsides of mining are: deforestation and pollution after these two is a chain reaction that will only cause troubles to human. Pollution is just one thing; the damage to both underground and surface environments is as shuttering. Another thing is the depletion of resources rather than the reuse of existing materials, or use of materials readily available on the surface, these said minerals will take hundreds of years in order to generate again. Plus the dangers that it will cause to men, cave-ins, explosions, gas, radiation sickness, black-lung disease, asbestosis, and silicosis.
Although mining fraud is rare today, but, as in any type of business, there would still be people who will try to steal money from other people. Here is how you can prevent yourself from being scammed.
If there is any pressure buy right away, forget it.
The company has a secret or proprietary process to extract gold, silver, or platinum from rock that conventional tests cannot detect.
Instead of selling shares of stock, the company is offering to sell the ore itself, and extract the metal from your ore for a fee. This is known as a “dirt-pile scam.” By not selling shares, the promoters are avoiding regulatory oversight, making it much easier to take your money.
Now to think, the mining in India is also infamous for human right violations and environmental pollution. The industry has been hit by several high profile mining scandals in recent times.