Tuesday 4 January 2011

GOA’S GOLD DEPOSIT IS WORTH 1,20,000 CRORES

PANJIM: 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 said.  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

3 comments:

  1. The Gold Rush will begin. The ghanttis will be the first to decend with their pick-axes and shovels.
    Like the 'blood diamonds' ghanttis will soon start digging for gold by spilling the blood of Goans.

    ReplyDelete
  2. Now the NOrth INdian dogs will start running after Goa to destroy Goa. They will even start demolishing the houses of the people to dig out the Gold and they will be blessed by our buffalo Cowmuth and his gang. Hope God saves Goa now from the clutches of the Indian occupiers

    ReplyDelete
  3. Yes Bebdo and Shyam, you too see the writing on the wall. This is a bad omen for us. I am not being pessimistic but being realistic. If Iron ore mining has done enough environment damage, wait 'till the gold digging starts. This is dirty india, where GREED is celebrated. Indians are hated all over the world for their Greed, lets be honest with ourselves, is has nothing to do with race or colour. Every African country would like to throw them out. I am just stating the facts! If we don't get Special Status NOW, we can kiss OUR Goa goodbye!

    ReplyDelete

Note: only a member of this blog may post a comment.