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India's Gold Mine Shut for 25 Years: Parliament Informed on Extracting 3.3 Crore Tonnes of Gold Treasure
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KGF Gold Mines: 25-Year Closure Ends? Parliament Urges Monetization of 3.3 Crore Tonnes of Gold Waste
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CNBC Awaaz
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17-03-2026, 16:27
KGF Gold Mines: 25-Year Closure Ends? Parliament Urges Monetization of 3.3 Crore Tonnes of Gold Waste
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Parliamentary committee urges government to monetize 3.3 crore tonnes of gold-rich tailings dumps at Kolar Gold Fields (KGF).
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KGF mines, operated by Bharat Gold Mines Ltd (BGML), have been closed since 2001.
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Tailings dumps, waste from past mining, still contain extractable gold and other precious metals.
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Monetizing these dumps could provide economic benefits and mitigate environmental risks.
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Ministry of Mines is considering options for BGML's future, with budget allocation for maintenance.
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