Naidu Launches Sale of Gold From Jonnagiri Project in Kurnool District
Commercial production begins at the Rs 405 crore project, which will supply gold to manufacturers and traders within Andhra Pradesh, officials said.
- On Wednesday, Chief Minister N. Chandrababu Naidu formally inaugurated the GeoMysore Gold Mining Project in Jonnagiri, Kurnool, handing over the first batch of locally produced gold to Andhra Pradesh jewellery firms.
- Established with a Rs 405 crore investment by Geo Mysore Services India Private Limited and Deccan Gold Mines Limited, the facility is now India's largest private-sector gold mining project, surpassing Karnataka's Kolar Gold Fields.
- Managing Director Prabhakaran noted gold-bearing deposits extend 800 metres deep, while the project incorporates simulator-based training centers to prepare local youth and women for heavy vehicle operations.
- Supplying gold directly to state manufacturers enables greater value addition within Kurnool, contributing to regional economic development while helping strengthen India's indigenous production against heavy reliance on imports.
- Officials indicated that Andhra Pradesh possesses additional prospective gold-bearing blocks across Chittoor and Ananthapur districts, while expansion plans include a second unit foundation stone laying by Naidu.
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Andhra Pradesh: CM Chandrababu Naidu lunches first major gold mining project in Kurnool district
Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday inaugurated the Jonnagiri Gold Mining Project in Kurnool district, describing it as the beginning of a “golden era” for the state and saying the extraction of gold would restore the historic glory of Rayalaseema. During the event, he also laid the foundation stone for the project’s second expansion phase, flagged off heavy vehicles transporting gold-bearing ore for processing, and r…
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LatestlyAndhra Pradesh: CM Naidu to inaugurate gold mining project at Jonnagiri
Andhra Pradesh Chief Minister N Chandrababu Naidu will inaugurate the Jonnagiri gold mining project in Kurnool district on Wednesday, a ₹405 crore initiative by Geo Mysore and Deccan Gold Mines set to produce 400 kg of gold in the first year.
India's First Private Gold Mine Begins Operations in Andhra Pradesh - News Next Live
Kurnool: Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday inaugurated India’s first privately operated gold mining and processing project at Jonnagiri in Kurnool district. Developed at an investment of around ₹405 crore, the project is expected to produce nearly 900 kilograms of gold annually, marking a significant milestone for the country’s mining sector. The state government is expected to earn an estimated ₹57 crore annually d…
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