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India launches its first major private gold mine in Andhra Pradesh, aiming to boost domestic output amid high import reliance.
India is set to launch its first large private gold mine in Andhra Pradesh, with Deccan Gold Mines Ltd's Jonnagiri project expected to begin full-scale production soon.
The mine, developed by DGML’s stake in Geomysore Services India Ltd, has received environmental and state clearances.
Once operational, it will produce around 750 kg of gold annually, with plans to scale up to 1,000 tonnes within two to three years.
India currently imports about 1,000 tonnes of gold yearly, the second-highest globally after oil, and domestic production stands at just 1.5 tonnes.
The project is located in Kurnool district’s Jonnagiri area.
India lanza su primera gran mina de oro privada en Andhra Pradesh, con el objetivo de impulsar la producción doméstica en medio de una alta dependencia de las importaciones.