The proposed joint venture aims to develop the Kluchevskoye gold deposit into a significant open pit mine and heap leach operation with an expected production rate of 12 million tonnes of ore per year and gold doré production of over 6.5 tonnes per annum.
Fifty pounds of gold and 20,000 pounds of copper could be extracted from one million discarded cell phones, if processed properly, says academic.
"Stronger fundamentals and potential for a gold rally support our bullish outlook for silver in 2016 after several years of price declines."
The Union Minister says coal shortages will soon be a thing of the past as India won't need to import dry fuel by 2017.
China and South Korea are keen to buy coal from the Adani Group's $16 billion Carmichael coal mine project in Australia's Galilee basin.
India's government says to be committed to bringing transparency in the allocation of natural resources including coal.
India's government will initiate the process of allowing private companies to commercially mine coal and end the state monopoly after the public offer of shares of Coal India Ltd.
Amid gloomy sentiment across various markets, gold is turning out to be a worse investment avenue than stocks so far this year, yielding double the losses compared to equities.
Coal India board is likely to approve on Monday the model fuel supply agreement (FSA) to be signed with power firms, with significant changes in the penalty clause for failing to supply to them a minimum 80 per cent quantity of the total fuel contract.
Coal India is likely to resolve the penalty issue and finalise new fuel supply agreements (FSA) in its board meeting on August 7.
The government today said Coal India (CIL) has signed a pact with government of Limpopo, South Africa for jointly identifying, exploring and developing coal mines.
Three Chinese companies are part of consortiums that have bagged Rs 1,800-crore worth of five contracts awarded by state-owned Hindustan Copper to raise its production four-fold to 12 million tonnes over the next five years.