Deccan Gold expects production by end-2010

Deccan Gold expects production by end-2010
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First Published: Wed, Mar 19 2008. 01 04 PM IST
Updated: Wed, Mar 19 2008. 01 04 PM IST
Mumbai: India’s Deccan Gold Mines Ltd expects to start gold production by end-2010 with the new mines policy likely to help the company speed up its exploration activity, a company official said on Wednesday, 19 March.
“There has been a lack of adequate exploration in India because of regulatory issues,” Sandeep Lakhwara, managing director of Deccan Gold, told Reuters in an interview.
“The new policy addresses these concerns and is a confidence building measure.”
India’s cabinet approved a long-delayed mining policy last week that could ease investments by foreign and domestic companies in the mining sector.
The company is targeting 4 tonnes of gold production annually, Lakhwara said.
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First Published: Wed, Mar 19 2008. 01 04 PM IST