Several companies, including Vedanta group company Hindustan Zinc, Jindal Power and JK Cement, have emerged as technically eligible bidders for the auction of two gold mines in Rajasthan. Apart from these, Ramgarh Minerals and Mining Limited, Hirakud Natural Resources Limited and Syed Owais Ali have emerged as technically eligible bidders for the Bhukia-Jagpura gold block. According to the website of the Department of Mines and Geology (DMG), Government of Rajasthan, Hirakud Natural Resources, Poddar Diamond, Owais Metal and Minerals Processing, Hindustan Zinc and JK Cement have emerged as eligible bidders for the Kankaria Gaara gold block.
Auction of both blocks this week
According to the news, according to the information available on the website, the auction of these two gold blocks will be held this week. The process of auctioning these two mines started in March this year. The country’s first major private gold mine, located in Andhra Pradesh, is expected to begin full-scale production by the end of 2024. Jonnagiri Gold Project will produce approximately 750 kg of gold annually once full-scale production begins.
There is a large reserve of gold in the area
According to the report, there are large reserves of gold in the Bhukia-Jagpura area of Banswara. According to the news, signs of gold were seen here for the first time during the exploration of copper in this area by geologists of the Geological Survey of India. After intensive exploration, a preliminary assessment of 113.52 million tonnes of gold ore was made in an area of 940.26 hectares, in which the gold metal content was estimated at 222.39 tonnes. This will create unprecedented opportunities for direct and indirect employment along with new investments in many industries including electronics, petroleum, petrochemical, batteries, airbags etc. There will be revenue opportunities from new investments in co-mineral related industries.
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