New Delhi: The Oldest Gold Mine In The Country Is Located 65 Kilometers Away From Bangalore (Bengaluru).This time the center will carry out excavation there. A target has been set to extract 50 million tonnes of gold from the British-era mine. And tenders have also been invited for this excavation. The auction will decide who will get the responsibility of digging.
The mine in Karnataka has been closed for more than 20 years. It is believed that more than 2.1 billion US dollars worth of gold can be found here. In Indian figures, which is 17377 crore 36 lakh 9 thousand 500 rupees. The Centre wants to extract the gold using new technology. even It is claimed that it is now possible to extract gold from the remains that have been mined in the past.
A government official, who did not wish to be named, said the Centre wants to lift not only gold but also palladium. “Our aim is to extract gold from the processed ore there and make as much financial profit as possible,” he said. He also claimed that from now on, the government will call auctions for mining every month.
