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Deccan Gold is the first private sector gold exploration company to be listed on the Bombay Stock Exchange. Promoted by shareholders with deep roots in the gold exploration and mining sector in Australia, it brings to India the wealth of Australian technical know how and experience that will enable India to become one of the great gold mining nations of the world. India is a country rich in mineral resources. More than 20 million tonnes of proven, probable and possible gold ore reserves have now been identified (Source: World Gold Council). Yet, the annual gold mine output is only around 2 tonnes. It's gold mining history dates back to some 8000 years with more than 900 gold mining and innumerable gold panning locations. The land of the world famous Kolar Gold Fields and the largest consumer of gold on earth, India has however suffered in developing it's gold mining potential due to lack of adequate exploration expenditure and the nationalistic policies of the previous governments.
The new India, with liberalized policies and strong economic growth outlook, is reviving the mineral exploration and mining sector through foreign and Indian private investment. Deccan Gold with some of the best gold prospects in the country, geologically similar to areas that have been home to major world gold discoveries, is playing a leading role in this revival.
The price of gold is rising. The Indian terrain is easily accessible but under explored. The potential for gold discoveries in India is substantial. It is in this environment that Deccan Gold offers all Indians the opportunity to invest in the development of India's gold exploration industry through it's public listing on the Bombay Stock Exchange.
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