You are here

India plans to auction at least three gold mines this year

Friday, February 19, 2016 - 05:50

37496117 - 17_02_2016 - INDIA-GOLD_.jpg
Schoolchildren play in front of an abandoned shaft at Kolar Gold Fields, located in the southern state of Karnataka, India.

New Delhi

INDIA is planning to auction at least three gold mines in 2016, a top government official said, opening up the sector to private firms for the first time ever in a bid to slash imports of the metal that cost the government US$36 billion last year.

Economically crippling

Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom