Gold consumption in the country is around 774 tonnes. But the gold mined annually from different states of India is only 1.6 tonnes. As it does not come close to India's consumption, the central government had sought to find more gold mines. At present only three gold mines are operating in India. Hutti and Uti mines in Karnataka and Hirabuddini mine in Jharkhand.
Now, huge gold deposits have been found in three more districts of Odisha. According to a new survey conducted by the Geological Survey of India, gold deposits along with copper have been found in Deogarh, Keonjhar, and Mayurbhanj districts. State Steel and Mines Minister Prafulla Malik informed this information in the Odisha Legislative Assembly yesterday.
In these areas, the first survey by the Geological Survey was carried out in the 1970s and 80s. The information found in this survey has not been published externally. The gold deposit was discovered during the survey which has been going on here for the last two years. Geological Survey experts found 1685 kg of gold ore in the Adas area. Gold deposits have also been found at Gopur, Gajipur, Kusakala, Adal, Saleikana, Dimirimunda, and Karadanga.
Currently, according to the Ministry of Mines, India's gold reserves are 70.1 tonnes. South India has the largest collection of these. Here 88% of mine groups are in Karnataka. According to the World Gold Council report, India can increase gold mining to 20 tonnes per annum through infrastructure development in the mining sector.