India to be a ‘golden bird’ again, the country’s first private gold mining project ‘Jonnagiri Project’ is all set to be launched

• India’s first private gold mine to be launched in May

• India will again be a big gold import country

• How exactly will this project be?

India is making rapid progress towards becoming a golden bird once again. India is developing rapidly, and now the country’s first private gold mine is about to be inaugurated after independence. This is significant news for India in the wake of the global oil and gas crisis. Jonnagiri gold mine project in Kurnool district of Andhra Pradesh is all set to start.

Before the arrival of the British, India was called the golden bird. But later of gold It is said that the weather was getting worse. Currently, the price of gold has skyrocketed and buying gold seems to be a dream come true for the common man. But now again gold can be imported in large quantities from India.

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Jonnagiri project started

• The project will be operational in the first week of May
• Mining is currently underway as a trial run. During the trial period, the management is keeping an eye on all the details until the production starts
• The project is spread over 598 hectares in Jonnagiri, Pagidirai and Erragudi villages of Kurnool district.
• An estimated 40 to 60 kg of gold has already been extracted from the project during testing
• The project is expected to be officially inaugurated by Andhra Pradesh Chief Minister Chandrababu Naidu in 2026
• GeoMysore Services India Pvt Ltd is the lead developer and director of this project. Thriveni Earthmovers & Infra and Deccan Gold are also partners in the project
• The area also has historical significance, as it was mined during the British rule and there is evidence of gold mines dating back to the time of Emperor Ashoka or even earlier.
• This is considered a significant step towards the country’s self-sufficiency, as it will encourage the private sector in the mining sector
• The country is the second largest importer of gold after oil.

India can become a gold importing country

India is the largest importer of oil, followed by gold, which is estimated at 800 to 1000 tonnes annually. These large imports affect foreign exchange reserves. Now widely in India Gold mining As it is about to begin, the dependence on gold imports may be reduced to some extent. Since the closure of the Kolar Gold Fields in 2000, gold imports have increased further.

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What is the capacity?

Production in the first year is expected to be 400-500 kg per annum. However, the production capacity is expected to reach 1,000 kg in the next few years. It is now expected to operate at a capacity of 1,000 kg gold per year for the next 15 years.