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FIRST PRIVATE SECTOR GOLD MINE SET TO BE COMMISSIONED SOON
The Business Guardian
|September 21, 2025
India's first private sector gold mine at Jonnagiri in Andhra Pradesh, developed by Geomysore Services and Deccan Gold Mines, is set to be commissioned soon.
Hanuma Prasad, Managing Director of Deccan Gold Mines, says it will be a historic moment for India's gold mining sector, as it will be India's first new gold mine in nearly eight decades.
"In last 80 years, no mine was opened. The last gold mine that was established in this country was in 1945, during the British era in Karnataka. After that, no new mine has been established in this country," Prasad told ANI on the sidelines of Indian Mining Summit 2025, organised by CII, which focused on critical minerals and the Atmanirbhar Bharat initiative.
Prasad said, "Ours will be the first one, where Deccan is a minority shareholder in Andhra Pradesh, and it will get commissioned very, very soon." Once commissioned, it is a historic moment for the gold mining industry in the country, he said.
This story is from the September 21, 2025 edition of The Business Guardian.
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