News > Centre to soon auction Kolar gold mines, likely to fetch ₹30,000 crore
Centre to soon auction Kolar gold mines, likely to fetch ₹30,000 crore
The Hindu Business Line | 14/10/2022 10:38 PM | Click to read full article
The Centre has decided to revive gold mining, auction tailing dumps and two blocks at the Kolar fields in Karnataka more than 22 years after it was shelved because the extraction of metals and minerals had become unviable.
According to NFTDC — the R&D arm of the Ministry of Mines, the extracts from Kolar gold fields mining are likely to fetch a value worth ₹30,000 crores.
