Government
The Minister of Mines and Development of North Eastern Region Shri B.K.Handique has said that the Mining lease of Chigargunta mines in Andhra Pradesh which was part of Bharat Gold Mines Ltd. (BGML) expired on 29-8-2008 and lease of this mine has since been granted by the State Govt. to Andhra Pradesh Minerals Development Corporation, a State Public Sector Enterprise.
In a written reply in the Rajya Sabha he said, at the time of closure of BGML, the estimated minable reserves at Chigargunta Mines were as follows:-
| Category of Reserves | MinableReserves | Grade gms/tonnes |
| (in Lakh tones) | ||
| Developed Reserves | 2.93 | 4.84 |
| Proved Reserves | 2.17 | 4.10 |
| Probable Reserves | 6.55 | 3.93 |
| Possible Reserves | 2.07 | 4.39 |
| Total Reserves | 13.72 | 4.22 |
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4 Comments
is it true will the GOLD mine reopned again?or its still a dream??let the mining get back its life again or let the POLITICIANS eat the remaning tooo…
Kolar gold mines must be reopened…i recently visited this place…at least it should be open for the travelers.
Kolar should reopen again, many people would get employment there. Since Gold would still be there I would prefer if someone takes inintiative to reopen this heaven once again.
According to experts, kolar mines may provide yield of 12 tonnes of gold (i.e.1 tonne of gold per year) for 12 years and the gold mine can produce 4 grams of gold for 1 tonne of ore, which is uneconomical and requires high investment………….