Gold Mines

Govt plans to invite bids to extract gold from dumps at Kolar mines

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

Central African Republic seeks Indian investors to mine gold, uranium

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

Centre may sell 13 block gold mines in Uttar Pradesh, Andhra this month

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 output 1.6 tonnes in 2020; may rise to 20 tonnes/yr: WGC

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.

38 killed in gold mine collapse in West Kordofan state in southern Sudan

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.

Sudan officials say gold mine collapse leaves 38 people dead

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

At least five killed, 70 missing as landslides hit gold mine in Indonesia

"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

More than 50 people dead after landslides collapse gold mine in east Congo

Heavy rains for days led to the disaster

Chinese miners deals seen stalling over Canada, Australian regulations

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

2,294-tonne goldmine unearthed in Sonbhadra, four times India's reserves

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

UP's claim of unearthing 5 times India's gold reserves refuted by GSI

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

Govt. to auction at least 3 gold mines to recover losses

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.