India can produce 100 tonnes of gold per year
By GCRU Gold News on Thursday, September 20 2018, 01:30 - Permalink
India has the capacity to produce over 100 tonnes of gold per year to better satisfy the country's enormous demand for the precious metal which is mostly met by imports, a foreign expert said on Wednesday.
"India currently produces 1 to 1.5 tonnes of gold per year from just one working field in the country while it consumes 900 tonnes per annum," Spencer said.
"The country can ramp up capacity to produce between 100-200 tonnes of gold in a year which could come out of around 20 mines.