CAN INDIA BECOME A MAJOR GOLD PRODUCER?. SANDEEP LAKHWARA Managing Director DECCAN GOLD MINES LTD. AUSTRALIA In 1980 Australia produced a modest 17 tons of gold Between 1980 & 2000, it produced 3700 tons valued at US$46billion
DECCAN GOLD MINES LTD.
In 1980 Australia produced a modest 17 tons of gold
Between 1980 & 2000, it produced 3700 tons valued at US$46billion
In 1980, identified gold reserves in Australia were 400 tons; by 2000 the identified reserves soared to 8300 tons out of which 3700 tons have been exploited, leaving the remaining 4600 tons of reserves in the ground to sustain the industry over the next 20 to 25 years at the least.
More than 500 listed exploration and mining companies on the ASXComparison of Australia, India & China – Gold Production
Understanding of Australia’s prospectivity
Government of Australia’s investor friendly policies
Quantum of exploration expenditure
The PL application file has to pass through a minimum of 77 tables. The number of days an application remains at each table is indicated by the following colour symbols.
Procedural bottlenecks and inordinate delay in obtaining Prospecting Licence by RP holders