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Why India is unable to become a major gold producer

Posted on 06 May 2011

India which holds the coveted position of being the leading consumer of gold could as well give a spirited challenge to the likes of China and South Africa in gold production provided the right policy decisions and enabling environment for gold exploration and mining is put in place.

India holds 9% of the global gold reserves estimated at 14,000 tonnes but fails to generate wealth out of it due to weak investment in exploration and mining activities……………………………………….Full Article: Source


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VRS - who has written 40662 posts on Opalesque Commodities Briefing.


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