The exploration of leftover mined area of Kolar gold mines in Karnataka to assess the remaining resources has begun and its revival will depend on techno-economic feasibility, Parliament was informed today.
Government Plans to revive $2 billion of Gold reserves and Make “Bharat Sone Ki Chidiya again, says Piyush Goyal
We are committed to make Bharat Sone (Gold) Ki Chidiya again. Gold reserves worth $2 billion to be revived, it will bring down the import of gold,” Union Mines Minister, Piyush Goyal also holding the charge of power, RE and coal ministries said in a tweet on Friday.
India, the second largest importer of Gold after China, is working on a plan to revive gold reserves worth $2 billion in a couple of its age old gold mines that have been lying shut for more than 15 years.