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Goa Sudharop Annual Awards
January 5, 2011 - 3:45 - 6:30pm
Hotel Mandovi, Panaji, Goa
Details at: http://bit.ly/GoaSudharop2011
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Gold deposits in Bhangarachem Goy
TNN, Jan 4, 2011, 05.19am IST
PANAJI: Almost 6,000 metric tonne of secondary gold deposits worth about
Rs 1,20,000 crore lie just 60 metres below the ground spread over 40,000
hectares of land in North Goa, noted Goan microbiologist Nandkumar Kamat
claimed in an announcement on Monday.
This find could put India on top of the gold producing nations of the
world in the next five years, if the Geological Survey of India and the
central government follows the lead and does prospective digging. This
find assumes significance because it is biologically refined and almost
98% pure gold, says Kamat. Currently, South Africa with 36,000 metric
tons of gold reserve base and 6,000 metric tonne of reserve accounts
around 40-50% of the world reserves, according to the US Geological
Survey, Mineral Commodity Summaries, January 2007. The remaining 50% of
gold reserves are shared by the rest of the 192 countries.
As on date, India stands at number 51 among the gold producing nations
with a produce of 2,362 kg (2.362 metric tonne) of gold per year.
The entire reserve of India is only 200 metric tonne. But this find
could turn around the fortunes for the country over the next five years,
Kamat told TOI.
As per the 2007 US Geological Survey, Mineral Commodity Summaries, 2007,
China, has become the largest producer of gold with an annual production
of 290 metric tonne of gold, and adding 800 metric tonne of reserve
every year.
http://timesofindia.indiatimes.com/city/goa/Gold-deposits-in-Bhangarachem-Goy/articleshow/7213882.cms
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