Rs 300000000000: KGF still has huge deposit of gold, govt now wants…
Karnataka is home to some of the most significant gold rеsеrvеs in India and the Union mines ministry has begun the process to auction nine gold-rich tailing dumps.
India’s oldest gold mine: In a predominant pattern after twenty-four years of mining cease at Karnataka’s historical Kolar Gold Fields (KGF), the Union mines ministry of the central authorities led by PM Modi has begun the route of to public sale 9 gold-prosperous tailing dumps. Doubtlessly valued at up to Rs 30,000 crore, reviews fetch it that the residues from past mining gathered private gold and uncommon facets love palladium and rhodium.
In the most modern pattern, the Print has reported that SBI Caps has been appointed because the transaction adviser, and the public sale route of is predicted to construct within 18–24 months.
“With gold costs touching Rs 9,000 a gram, even extracting 1 gram per tonne may be successful,” the file quoted a senior mines ministry legitimate as saying.
Gold manufacturing from Indian mines surges by 86 private computer in Feb
The manufacturing of gold from Indian mines surged by 86 per cent in February this year to 255 kg whereas that of copper increased by 28.7 per cent to 11,000 tonnes, in conserving with records launched by the Ministry of Mines turn out to be as soon as reported by IANS news agency.
The build aside are gold rеsеrvеs repeat in Karnataka?
Karnataka is home to a couple of of essentially the most predominant gold rеsеrvеs and mining operations in India. The principle districts for gold mining in Karnataka embody Kolar, Dharwad, Hassan, and Raichur. Thеsе rеgions are the most predominant contributors to the nation’s gold manufacturing.
The final index of mineral manufacturing of India’s mining and quarrying sector rose by 8 per cent in February this year when put next to the identical month closing year, the figures compiled by the Indian Bureau of Mines confirmed.
Cumulative exclaim in mineral manufacturing
The cumulative exclaim in mineral manufacturing for April-February, 2023-24 over the identical interval of the old year is 8.2 per cent. Other crucial minerals which confirmed obvious exclaim throughout February 2024 over February 2023, embody Phosphorite (19 per cent), Limestone (13 per cent), Coal (12 per cent), Natural gas (U) (11 per cent), Petroleum(grievous) (8 per cent), Manganese Ore (6 per cent), Magnesite (3 per cent), Lignite(2.8 per cent), and Zinc Conc. (2.8 per cent).
(With inputs from companies)
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