Gold Mines

The Kolar fields, located about 65 kilometres (40 miles) northeast of Bengaluru, are among the country's oldest gold mines

Landlocked in the heart of Africa, the Central African Republic is seeking Indian investors to mine its abundant natural resources ranging from oil, uranium and lithium to gold, diamonds, iron ore and copper. The African nation's Minister for Economy Lea Doumta, who led a delegation on a two-day visit here, said her country is "mighty impressed" with India's growth and development model and is keen to emulate it. "We see India as a role model and are keen to partner with its government and companies in our economic progress," she told PTI here. Bordered by Cameroon, Chad, the two Congos, and the two Sudans, the Central African Republic is one of the poorest nations despite its abundant natural resources. According to the World Bank, the former French colony has 470 minerals, with oil, gold and diamonds having the greatest potential. Diamonds account for nearly half of the country's total export earnings. A nation comparable to the size of Ukraine has the largest reserve of iron or

Amid Centre's efforts to give a boost to the mining sector's contribution to country's gross domestic product, government plans to put on sale the block 13 gold mines in the states of Andhra and UP

India's gold mine production stood at a mere 1.6 tonnes in 2020 but could rise to 20 tonnes per year in the long-term, World Gold Council said on Thursday.

At least 38 people have been killed after a gold mine collapsed in West Kordofan state in southern Sudan, a government company announced in a statement.

Local media reported that several shafts collapsed at the the Darsaya mine

"We have got five bodies and received reports from members of families about missing persons. The total is 70. Many of them could be buried underground," the official said

Heavy rains for days led to the disaster

Canada and Australia have recently tightened restrictions on investment by state-backed firms, fearing economic dislocation caused by the pandemic will make it easier to buy strategic asset

A seven-member team has been formed by the administration for auction of blocks through e-tendering

The GSI, headquartered in Kolkata, rebutted the claims of the Uttar Pradesh Directorate of Geology and Mining (UPDGM)

Analysts believe gold mining will be profitable in India, where prices have jumped more than three fold in a decade versus an 89% rise in global spot prices.