Does Deccan gold has any plans to foray its mining activities into Platinum and Diamond?
No. Deccan Gold has no plans to foray into diamond and platinum exploration directly. The company’s focus is only gold exploration. Presently, Government allows 100% FDI in mineral industry. What is the current influence of foreign players and FDI in mineral industry in India? What is your opinion on current Gold mining policy and does it support to domestic mining industry? Is there enough excitement among foreign players to enter into mining industry? Please explain. Whilst the Government allows 100% FDI into the mineral industry, the influence of foreign players in the Indian market has been quite limited. Major foreign players like De Beers, BHP Billiton and Rio Tinto have undertaken exploration in various areas throughout the country, but in my view they would have to be equally frustrated by the lack of a supportive regulatory regime in terms of grant of licenses. Implementation of the proposed Hoda Committee recommendations for the exploration and mining industry will go a long
