Vedanta wins India's 1st ever gold mine auction
Vedanta Limited has won India's first-ever auction of a gold mine, beating three other bidders in the auction of the Baghmara mine in Chhattisgarh. The company quoted the highest bid of 12.55% of the Indian Bureau of Mines price of ₹74,712 a troy ounce (31.10 grams), a state government official said. The mine has 2,700 kg of gold reserves.