Factually, meaning truthfully, the planet has reached and passed peak-gold 12 years ago en.wikipedia.org
at ever higher prices, we might experience yet another peak, as 'they' extract gold from seawater
The way to read that article is that India has a lot of rocks, and some supposedly contain some gold
Last year, union minister of mines Pralhad Joshi had told Lok Sabha that Bihar has the highest share of India's gold reserves. In a written reply, he had said that Bihar has 222.885 million tonnes of gold metal (ore), which amounts to 44 per cent of the total gold reserves in the country. "As per the National Mineral Inventory, the total resources of primary gold ore in the country as on 1.4.2015 are estimated at 501.83 million tonnes with 654.74 tonnes of gold metal and out of this, Bihar is endowed with 222.885 million tonnes (44 per cent) of ore containing 37.6 tonnes of metal," Joshi had said.
In other words, India gold ore resource / reserve @ ___M tonnes of rocks containing 654 tonnes of gold metal
of which Bihar accounts for (222.885 M tonnes) 44% of resource / reserve (meaning rocks) containing 37.6 tonnes of gold metal
at 37.6 tonnes of metal per 222.885 M tonnes of rock, or 37,600,000 grams of gold per 222.885M tonnes of rock, or 0.17 gm per ton, and the state of Indian metallurgy knowhow, should be able to extract over the course of 12 months, if working at China's extraction and refining pace, and be done with it
At all-in 654 tonnes of geological reserve, India's gold does not rank, and its metallurgy knowhow is questionable
Australia has huge reserve, but because of the plentitude, Australian metallurgy knowhow is also questionable
China, the top most gold producer in their galaxy, has tiny gold mineral reserve, pitiful, at 2,000 tonnes, supposedly, albeit with Sinkiang / Xinjiang and Tibet essentially unexplored.
Is and has been top producer of gold for >decade, because of metallurgy knowhow. For it is one thing to dig for rocks as the Aussies, Canadians, Russian, Americans, and S Africans do, with ever bigger dozers, altogether another 'thing' to get the gold from rocks ceicdata.com
statista.com
hindustantimes.com
This state has India's largest gold reserves, says Geological Survey of India
The state Mines and Geology Department is in consultation with agencies engaged in exploration, including GSI and the National Mineral Development Corporation (NMDC), for exploration of gold reserves in Jamui, a senior official said.
HT News Desk
As per a Geological Survey of India (GSI) survey, around 222.88 million tonnes of gold reserve, including 37.6 tonnes of mineral-rich ore, are present in Jamui district.(Representative image)
The state Mines and Geology Department is in consultation with agencies engaged in exploration, including GSI and the National Mineral Development Corporation (NMDC), for exploration of gold reserves in Jamui, a senior official said.
A survey by the Geological Survey of India has stated that gold reserve of around 222.88 million tonnes including 27.6 tonnes of mineral-rich ore are present in Jamui district of Bihar, PTI reported.
The Nitish Kumar government in Bihar has now decided to give permission for the exploration of what is being called as India's largest gold reserve.
“The state Mines and Geology Department is in consultation with agencies engaged in exploration, including GSI and the National Mineral Development Corporation (NMDC), for exploration of gold reserves in Jamui,” Additional Chief Secretary cum Mines Commissioner Harjot Kaur Bamhrah told the agency.
The top official added that the consultation process had started after analysing the survey findings which indicated the presence of gold in areas such as Karmatia, Jhajha and Sono in Jamui district.
Bamrah said the Bihar government is likely to sign a memorandum of understanding with a central agency or agencies for G3 (preliminary) stage exploration within a month's time, adding that in certain areas G2 (general) exploration can also be carried out.
Last year, union minister of mines Pralhad Joshi had told Lok Sabha that Bihar has the highest share of India's gold reserves. In a written reply, he had said that Bihar has 222.885 million tonnes of gold metal, which amounts to 44 per cent of the total gold reserves in the country.
"As per the National Mineral Inventory, the total resources of primary gold ore in the country as on 1.4.2015 are estimated at 501.83 million tonnes with 654.74 tonnes of gold metal and out of this, Bihar is endowed with 222.885 million tonnes (44 per cent) of ore containing 37.6 tonnes of metal," Joshi had said. |
