RAJYA SABHA
Geological Survey
of India (GSI), a subordinate office of the Ministry of Mines
has estimated a deposit of 8.63 million tonnes gold ore with
1.62 to 4.65 grams per tonne of gold in Dona Sector in Kurnool
district, Andhra Pradesh. This information was given by the
Minister for Mines, Shri Ramesh Bais in a written reply in the
Rajya Sabha today.
Regarding gold
mining at the discovered sites, the Minister said that as per
National Mineral Policy, 1993 the exploration/exploitation of
the gold deposits has been thrown open for Private Sector participation,
both domestic and foreign. The Mines and Minerals (Development
and Regulation), Act 1957 was amended in December 1999 to make
the provisions more investor friendly. The exploitation of the
minerals will depend on its economic viability.
