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Lok Sabha
India produced 3,363 kgs. of gold worth Rs.181.5 crore during 2003-04. The production of gold during 2002-03 was 3,153 kgs. worth Rs.165.8 crore. During 2001-02, the production was 2,810 kgs. worth Rs.128.1 crore. At present, Hutti Gold Mines Company Limited (HGML), a profit making Government of Karnataka undertaking, is the only company in the country which is producing gold from ore.
HGML has taken steps like modernisation/expansion of its mines and mills, deepening of shafts, exploratory surface/underground diamond drilling, opening up of new satellite mines, searching new gold bearing areas under the reconnaissance permit/ prospecting licenses in order to boost the production of gold.
This information was given by the Minister of State for Coal & Mines, Dr. Dasari Narayana Rao, in a written reply in the Lok Sabha today.
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