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Andhra Pradesh Targets Gold Mining Expansion, Four More Villages Identified for Exploration
Indications of a massive gold reserve-estimated at 50,000 kilograms-have emerged in Andhra Pradesh, a development that could reduce India's gold imports. Commercial mining has already commenced in the Jonnagiri area of Kurnool district, and private companies will also be given the opportunity to participate.
Important information regarding the reserves of gold has emerged. There is a possibility that Andhra Pradesh possesses 50,000 kg of gold in its territory. An important official of the state government revealed on Thursday that indications of significant amounts of gold in many areas of the state including Kurnool district have been discovered.
According to the above estimates, India can become independent in its gold imports and Andhra Pradesh can emerge as an important source of supply.
Mukesh Kumar Meena, principal secretary of the Mining Department, stated during a press briefing that a total of 50 tons of gold might be available at Jonnagiri village located in Kurnool district. Besides, four more villages Ramagiri, Javvakula, Chigurukunta, and Bisnatham have been marked as sites for gold mining.
He further revealed that according to the figures, in the coming years Andhra Pradesh can emerge as the largest supplier of gold in the country.
