Gold Mines

Mpox thriving near gold mines, refugee camps risks rapid spread in Congo

A strain of the virus - which causes lesions that can result in disfigurement, blindness, and even death - has erupted around the gold-mining town of Kamituga

Vedanta's Agarwal urges govt to privatise gold mining to boost production

After the budget, top government officials clarified that the government's strategy goes beyond privatisation and the aim now is to create value of the government owned companies

Gold price slips Rs 10 to Rs 71,720, silver falls Rs 100 to Rs 89,900

The price of 22-carat gold slipped Rs 10, with the yellow metal trading at Rs 65,740

Rajasthan's trade bodies urge govt to amend gold mine auction system

About a decade back, the state had discovered 113.52 million tonnes of gold ore in reserves in the Bhukia-Jagpura village of Banswara district

Rescuers deployed in search for 9 workers missing at Turkish gold mine

Hundreds of rescuers on Wednesday pressed ahead with efforts to search for at least nine workers trapped at a gold mine in eastern Turkiye that was engulfed by a massive landslide. The landslide struck the Copler mine in the town of Ilic in Turkiye's mountainous Erzincan province on Tuesday. Footage seemingly shot by a worker showed a huge mass of earth rushing down a gully, overrunning everything in its path. The landslide involved a mound of soil extracted from the mine, Interior Minister Ali Yerlikaya said. Some 800 search and rescue personnel, including police and military teams, mine rescuers and volunteers, were deployed to find the mine workers, Yerlikaya said early Wednesday. Other workers at the mine have also joined the efforts to rescue their colleagues, while families of the missing waited at an area close to the mine for news of their loved ones, Haberturk television reported. An investigation into the disaster has been launched. Experts, meanwhile, have warned that t

Deccan Gold Mines says reviewing data on critical minerals in India

Deccan Gold Mines Ltd on Monday said it is evaluating data on critical minerals, including lithium, in the country and may seek exploration licences in case of positive assessment. The government last year launched the auction of critical minerals, including two lithium blocks. "As part of our strategy to build a Critical Minerals (CM) portfolio, the company is reviewing data on Nickel, Copper, Graphite and Lithium Projects in India / overseas. The company may secure these licences subject to the positive technical evaluation," the company said in a filing. Shares of the company surged by 4.99 per cent to Rs 130.55 apiece in pre-close session on BSE following the announcement. The benchmark Sensex was trading 0.52 per cent down. On its Jonnagiri gold project, the company said 210.6 acre of key land has been already acquired and efforts are underway to acquire another 40 acre by the end of the next month. As of date, the available land is already sufficient to commence the full-sca

Chhattisgarh govt floats E-tender for auction of gold, diamond mines

The state government has issued an e-tender for the allotment of three precious mineral blocks through auction for prospecting

Bihar govt asks GSI for detailed exploration for gold reserves in Jamui

Bihar's Department of Mines and Geology has asked the Geological Survey of India to carry out a detailed exploration to trace gold reserves in Sono area of Jamui district, days after the state government decided to allow auction of nine mineral blocks, officials said. The department has also asked the competent authority to extend the exploration work to identify more coal-bearing areas in Batesarthan-Kasri-Jagarnathpur area in Bhagalpur district. Geophysical work has to be completed before taking up drilling and exploration for the presence of gold reserves in Sono. The G4 stage exploration (preliminary survey) is required to find out the presence of any gold reserve in the area. The DMG has requested the GSI to carry out a detailed analysis/exploration in this regard, Md Nayyer Iqubal, Director (Mines), Bihar, told PTI. There are four stages of exploration for mineral deposits - reconnaissance survey (G4), preliminary exploration (G3), general exploration (G2) and detailed ...

Fire in south Peru gold mine kills at least 27 in night shift: Officials

A fire broke out deep in a gold mine in southern Peru and killed at least 27 workers during an overnight shift, Peruvian authorities reported. The Yanaquihua mining company said in a statement that a total of 175 workers had been safely evacuated after the accident, which happened late Friday or early Saturday. It said the 27 dead worked for a contractor that specializes in mining. Government officials said the cause of the incident was under investigation. Some news reports said preliminary investigations indicated an explosion might have been set off by a short circuit in a part of the mine about 100 metres below the surface. Relatives of the victims were brought by buses to the mine in Yanaquihua in the Arequipa region, where they were briefed by security agents. Some sat in front of posters at the entrance to the mine to wait for the bodies of their loved ones. Marcelina Aguirre said her husband was among the dead. She said he had told her there were risks at the mine. "We are

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)