Mineral deposits found in Namakkal, Mett upalayam In TN, there is a vast scope for prospecting for gold, platinum group of elements, base metals and molybdenum THE Tamil Nadu Minerals Ltd TAMIN) on Thursday signed a memorandum of u n d e r s t a n d i n g I (MoU) with Indian i G e o l o g i c a l Re search Centre to exploit platinum deposits in the f State for setting up new industries. The MoU was s i g n e d b y K Manivasan, Chair man and Managing Director, TAMIN and N K Dutta, Chairman of the Indian Geological Research Centre in the pres ence of Chief Minister M Karunanidhi at the Secretari at. In TN, there is a vast scope for prospecting for Gold, Plati num Group of Elements (PGE), base metals and molybdenum, an official release here said and added that the Centre, during the last three years, had conducted extensive research and found deposits of platinum in the Mettupalayam Namakkal region. PGE are confined to layered ultramafic intrusions. The PGE occurs in layered chromite bearing ul tramafic ultrabasic complexes in Sitham poondi Complex in Namakkal district, Sirapalli ultrabasic rocks in Namakkal district and Bhavani layered complex in Erode and Coimbatore districts. The MoU was signed to explore the com mercialisation of the white e gold, by setting up related in dustries.