 | Chris Powell - GATA |
| India mulls reviving colonial-era gold mines with $2 billion in reserves |
| NEW DELHI -- India is planning to revive a cluster of colonial-era gold mines -- shut for 15 years but with an estimated $2.1 billion worth of deposits left -- as the world's second-largest importer of the metal looks for ways to cut its trade deficit, officials said.
State-run Mineral Exploration Corp. Ltd. has started exploring the reserves at Kolar Gold Fields, in the southern state of Karnataka, to get a better estimate of the deposits, according to three government officials and a briefing Thursday, January 26, 2017 |
