Saturday, May 8, 2010

Go(ld) Australia

Australia is a beautiful place. The Great Barrier Reef, the Uluru Rock formations, the Gold Coast never fail to lure tourists from all over the world (only if it was not so far!). Visiting Australia has become a financially lucrative option now with the news filtering out about the gold riches in Victoria.

GeoScience Victoria, a government agency that maps the geology of the region has reported "gold deposits still waiting to be discovered". An estimated 500 tonnes of gold, worth 20 billion USD lies in the north part of the state. During the Victorian Gold Rush of 1850-60,the population of the state experienced a seven fold increase. Victoria became the world leader in gold output. This event reshaped the society and politics of Victoria and led to emergence of Melbourne as one of the greatest cities of the world.



This event has also raised concerns about the environmental impact of increased mining activity. However all said and done, Australia is sitting on the precipice of another Gold Rush. Travelling to Australia was never more rewarding!


Image Credits: Wikipedia

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