If you are into IT/Software Sector or say in any sector and can bring overseas contracts (or any domestic business related to the software sector), with a stress on Digital Marketing/Content Writing/Website Development/Reputation Management/SEO/SMM, etc, then you can join me as a partner or associate.
We will give you, the business development portfolio and pay you handsome amounts for your efforts. It does not matter, in which part of the world you are, as long as you can bring businesses. If you are interested, please send me at mail at: firstname.lastname@example.org.
Sunday, February 28, 2016
Vedanta wins Chhattisgarh gold mine in India's first-ever auction
Feb 28, 2016: Raipur: The first-ever auction of a gold mine in the country was held in Chhattisgarh on Sunday, Vedanta Ltd won the auction for Baghmara (Sonakhan) gold mine with its highest bid of 12.55 percent of IBM (Indian Bureau of Mining) price of Rs 74,712/ troy ounce (1 troy ounce = 31.10 gram), official sources said.
The production from the Baghmara mine can reduce the gold imports into the country that cost it $36 billion last year, the state mines department officials said.
This was the first time a composite license for gold mining was given in the country, officials added.
The mine is situated in Balodabazaar-Bhatapara district of Chhattisgarh, 130 km north-east of the state capital Raipur.
Vedanta, a unit of London-listed Vedanta Resources Plc, beat three other bidders in the auction of the Baghmara mine in Chhattisgarh, said the head of the state's Directorate of Geology and Mining, Reena Kangale, adding she expected mining for potential reserves of about 2,700 kilograms to begin in two years.
A troy ounce is equivalent of 31.10 grams.
In a statement, Vedanta said the block measuring 6.08 square kilometres required extensive exploration and that the process will commence in "due course".
India's insatiable appetite for gold has already prompted the government to raise import duties and launch a scheme aimed at mobilising a pool of over 20,000 tonnes of the metal lying idle in homes and temples.
Still the government has failed to curb imports by the world's second-biggest consumer, where gold is regarded as the highest form of gift for gods and humans alike.
The absence of local production has scuppered efforts further.
Federal Mines Secretary Balvinder Kumar last week told Reuters the government planned to auction at least three gold mines in 2016.
Source: First Post