DECCAN GOLD BECOMES FIRST LISTED GOLD EXPLORATION CO

摘要

India finally has a listed gold exploration company. Deccan Gold Mines Limited -formerly Wimper Trades Limited held by the Kanorias-has become the first listed gold exploration company in India with the renowned Australian gold miner, Mr Charles Devenish, holding more than 80 per cent stake in it through Australian Indian Resources Company Limited which is controlled by him. "This could mean that some people have already identified the company has already been permitted to invest around 10 million dollars for its exploration activities and if everything goes in the expected manner, there may be further investment of another 50 million dollars, according to the company's Managing Director, Mr Sandeed Lakhwara.