Latest news with #IndianDefenceReview
India.com
27-05-2025
- Business
- India.com
This country has hit a massive Jackpot, discovers biggest Copper, Gold, Silver deposit in 30 Years, not US, Russia, China, India, Pakistan, Australia, name is…
Gold deposits- Representative image Argentina hits JACKPOT: In a significant discovery amid the global rise in the prices of copper, gold and silver, massive deposits of the critical miners have been found in Argentina's San Juan province, near the Chilean border of South America. Hailed as the largest such discovery of copper, gold and silver on a global level in the last 30 years, the discovery is expected to change the future of South America. Here are all the details you need you need to know about the recent discovery. Argentina discovers 80 million ounces of gold and silver worth The recent discovery has been made by a joint venture between Lundin Mining and BHP on a site believed to have over over 12 million tonnes of copper and nearly 80 million ounces of gold and silver worth billions. 'The initial Mineral Resource has highlighted the potential for one of the highest grade undeveloped open pit copper projects in the world and one of the largest gold and silver resources globally. This may affect the future of South America's mining sector,' said Jack Lundin, CEO of Lundin Mining, in a quote carried by Indian Defence Review. 'We are in an excellent position to continue advancing the development of a mining district with great potential,' Dave Dicaire, the general manager of the Vicuña project was quoted by media reports. Will the discovery of crucial metals change Argentina forever? The discovery of the crucial metals is expected to help the economy of Argentina in a significant manner. While copper can be used in wiring, electronics, machinery, and clean energy technologies, Gold and silver find their values in jewelry, medical devices, and chip manufacturing. The discovery is expected to help the economy of Argentina by leaps and bounds as it will help Argentina position itself as the vital agent of global supply chains for sustainable technologies.
Time of India
30-04-2025
- Business
- Time of India
$160 million gold coin collection unearthed in Europe after 50 years underground, now set for auction
An intriguing discovery has been uncovered: a secret stash of valuable gold coins, buried in the ground for over 50 years, now worth over USD 100 million (approximately AUD 160 million). Dubbed the Traveller Collection, the treasure is set to change the face of rare coin collecting. Experts have termed it as "the most valuable numismatic collection ever to appear at auction in its entirety," with an interesting story which rivals the coins' intrigue. Rediscovery of a hidden treasure of gold coins and the upcoming auction series Over 50 years since they were buried, the heirs of the collector re-discovered the coins. The treasure was transferred to a secure bank vault for safekeeping and eventually entered the public sphere. Numismatica Ars Classica (NAC), the auction house, will present the collection in a series of auctions starting on May 20, 2025. The inaugural auction will feature British machine-struck coins from the reigns of monarchs from Charles II to George VI. Many of the coins in the collection have not been seen in over 80 years, some never previously recorded within official numismatic archives, says NAC's director, Arturo Russo. Source: Indian Defence Review by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Invest $200 in Amazon without buying stocks to earn a second salary Marketsall Sign Up Undo Amongst the most incredible items in the Traveller Collection are a number of gold coins of unparalleled worth and historical significance. One of the stand-outs is a 1629-gold coin of 100 ducats minted for Ferdinand III of Habsburg. It weighs 348.5 grams and is estimated at around $1.35 million USD. Another highlight is a 70 ducat gold coin in 1621 for Polish King Sigismund III, weighing 243 grams and worth about $471,700 USD. The Traveller Collection's origins and the hidden treasure beneath the surface The history of the Traveller Collection begins in the wake of the 1929 Wall Street Crash. A European collector and his wife set out on a quest to discover the most rare and historically important coins from Europe and the Americas. Driven by history, rarity, and beauty, they carefully curate a diversified collection, thoroughly documenting each acquisition. When the prospect of World War II threatened and Nazi troops were starting to overtake Europe, the collector found himself in the unenviable position of needing to safeguard his precious treasure. In a decision that would come to be revealed as prudent later on, he placed the coins in cigar boxes and aluminum cylinders and buried them in the ground to keep them safe from war's destruction. Then the collector disappeared from record, and the whereabouts of the treasure buried with him were unknown for decades. A rare treasure of Tomans and Coins from across the ages The Traveller Collection also comprises an incredibly rare collection of five Tomans that were struck in Tehran and Isfahan between the late 18th and early 19th centuries by Agha Mohammad Khan Qajar. Just five complete sets of the coins are known to have survived, one of which is in the Ashmolean Museum in Oxford, UK. One outstanding piece from this collection is a 50 Toman coin, one of the incredibly rare sets, that will also be auctioned. The Traveller Collection encompasses coins from more than 100 areas, with a history ranging from ancient societies to the present day. Specialists are especially amazed by its outstanding variety, excellent quality, and the great preservation of most of the items. The press release by NAC draws attention to the fact that "several types have never been offered in a public auction," which stresses the uniqueness and importance of numerous coins included in the collection. Due to the meticulous recording and archives of the original collector, researchers were able to trace the provenance of numerous coins back to historic sales of the late 19th and early 20th centuries, adding yet more layers of historical interest. Also Read | Ancient 3,000-year-old civilisation uncovered in Maharashtra, offering new insight into early history
