Is India sitting on a gold mine?
By GCRU Gold News on Sunday, October 19 2014, 23:05 - Permalink
India has very large resources of gold, say several geological studies. One estimate (2005 study) puts the country’s primary gold resources at about 491 tonnes. But the country hardly finds a mention in the global list of large miners. It produces just three-four tonnes of gold annually. Sandeep Lakhwara, Managing Director, Deccan Gold Mines, a listed gold exploration and mining company, talks about the issues faced by the industry and the country’s prospective gold reserves.