

When Bharat gold Mines Limited started working there in 1970, profits gradually decreased after the initial success. After 1979, it became impossible to pay even the workers working there. Due to this, many were dismissed from their jobs. The company stopped mining gold in 2001. Later, the place fell into disrepair. It is said that about 900 tons of gold may have been produced from kgf in almost 125 years. Meanwhile, the karnataka government has given approval to the central government to extract gold from kgf again after 24 years. In june 2024, the karnataka cabinet gave the green signal to the central government’s proposal to mine 13 dumps spread over 1,003 acres of land owned by Bharat gold Mines Limited (BGML). These dumps contain waste from past mining operations. This is said to contain gold.
The dumps are officially estimated to contain 32 million tonnes of material, from which about 23 tonnes of gold can be recovered. If the work is fully operational, the annual gold production is expected to be 750 tonnes. india is one of the largest gold buyers in the world, importing 800-900 tonnes of gold annually. If the kgf is restarted, india will reduce its gold imports. This will save crores of foreign exchange and create employment for many. Initial surface operations will begin soon, once approvals are received from the central and state governments. Full-scale production is expected to begin once environmental and operational clearances are completed. If gold is produced only in india as planned, the world will definitely look back at India.