Andhra Pradesh To Emerge As Largest Gold Supplier In India Due To Reserves Worth 50 Tonnes
https://ift.tt/2LhIQUr Andhra Pradesh will emerge as the largest supplier of gold to the country in a few years, an official said on Thursday, citing estimated reserves of 50 tonnes at Jonnagiri village in Kurnool district alone. Addressing a press conference, Mukesh Kumar Meena, principal secretary (Mines) said that apart from Jonnagiri, the state has identified four potential areas for gold mining, including Ramagiri, Javvakula and Chigurukunta Bisnatam. ALSO READ: Goldman Sachs Lops $500 Off Gold Target On No Fed Cuts This Year "Our estimate is that 50 tonnes of gold are available in Jonnagiri itself. So, we are confident that after a few years, we (Andhra Pradesh) will become the highest supplier of gold for the country," Meena told PTI. Observing that commercial production of gold commenced at Jonnagiri, he said 1,500 acres were allotted for gold mining in this Kurnool village almost a decade ago. Out of these 1,500 acres, Meena observed that exploration was u...