Why can the discovery of this "super gold mine" make the Indian nation so excited?
[Abstract] There are many gold mines in India but not mining, but not the case. For example, Deccan gold mining companies did not get an ounce of gold within 13 years, because they had difficulty getting the official license documents of the Indian government.
According to the LiveMint articles, the Indians are so obsessed with gold that it became an economic concern for Indian Prime Minister Narendra Modi.
India surpassed all other countries as the world's largest gold buyer, mainly because of the extreme importance of gold in the Indian wedding ceremony. India 's gold imports were US $ 35 billion last year, or roughly 43% of the country' s third-quarter current-account deficit.
Current question: No strong private sector exploration, lack of Indian gold resources or lack of sufficient funds to mine gold?
Deccan Gold Mining told Bloomberg that they had no incentive to mine gold after the previous Indian government introduced laws banning Indian gold miners from mining the gold they found.
This time, the PGold Super Mine adopts a new energy-saving model to explore the mining mode, which not only solves the needs of Indians who love gold, but also is in line with Premier Modi's idea of limiting gold import. The mining right also confirms its real role in India.
PGold Super Mine refires Indian Gold Heat, how to impress official permission
According to the Indian Business Standard, the Geological Survey of India reported. The agency has estimated in a report about 5,002 million tonnes of ore resources in Songbadra and, based on the data, officially estimated the mine to reach 300 tons, nearly half the savings of India's national gold reserve.
PGold Supermine, the actual executive company in its shares, reached an agreement with the Geological Survey of India (Geological Survey) to adopt a special compensation dividend to change the surplus of these decades of trade accounts, reduce dependence on imported minerals and liberalize exposure to foreign capital.
British and American resources group (Anglo American plc) and its subsidiaries, joint venture, is the world 's mining and natural resources companies, the joint venture mining, on the one hand can solve the huge domestic gold demand, reduce import, save foreign exchange, on the other hand, the ruling party can also use this batch of gold to stimulate domestic consumption, boost India' s overall economic growth.
New ways of super gold mining
The only reason mining companies venture capital is that they want to have priority to the gold mines they explore. More more on corruption in the free distribution of Indian mining leases and a desire to change corruption through more laws and rules. So what does the PGold supermine mean for the gold heat recovery, for the Indian economy and the Indians?
1."Life-saving under the epidemic"
Gold has helped Indians through the "economic storm" caused by COVID-19, and for many Indians gold is a "life-saving" tool, providing capital liquidity they could not get.
2.Official dividend-type transparent mine pond
Tun gold, also can also participate in the mining, each gram of gold with a certain proportion of subsidy (official mining tax subsidies) directly to dividend pool, and by miners, gold buyers and others to distribute the transparent mine pool, a itarian dividend, PGold super mine rely on open gold power and profits to curb the corruption of PGold super mining enterprises, this is the idea of official and more people.
The new economy of PGold Super Mine will open a new trend of Indians on gold. Whether it is the innovation of mining right dividend, in the future, PGold Super Mine will lead the recovery of global gold raw stone, culture, art and other derivatives based on the official mining rights.