Kolar Gold Fields, Near Bengaluru, Likely To Be Revived In Bid To Cut Imports

Gold mines that have been shut for many years, including the famous Kolar Gold Fields, are likely to be revived as the government is looking at cutting down gold imports. The gold mines hold an estimated $2.1 billion worth of deposits left as the world's second-largest importer of the metal looks for ways to cut its trade deficit. India, the world's biggest gold importer behind China, spends more than $30 billion a year buying gold f...