Goilala's District Dev. Forum Blog

Petromin Holdings Limited and its operations in Tolukuma Gold Mines is more of a ghost operation.

No one knows what is happening and no one is aware of its performances and how it intends to expand its operations into the nearby mining lease license areas.

It would be an understatement to say Tolukuma Gold Mines is operating in secrecy. Tolukuma Gold mines operation is in reality chaotic. There is confusion, uncertainty and disillusion amongst the work force.

According to sources, TGM has embarked on a COST CUTTING exercise due to lack of profit. That is the official statement, whoever in reality they (PETROMIN) have no money to spend and are trying to cut (back on operational costs).

All at a time TGM needs investment the most!

Gold production over the last 12 months under Petromin’s watch is the LOWEST in 15 years of TGM’s life span.

Most workers have now…

View original post 250 more words


Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s