5 days ago
Bhatti Seeks Hutti-Singareni Gold Mining Joint Venture Plan
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka wants Singareni and Hutti Gold Mines to consider working together.
Hutti has experience finding, mining, processing and refining gold.
Singareni has experience exploring and mining coal and other minerals.
Officials will prepare a plan for how the two organisations could cooperate.
The plan may include new technology, technical experts and worker training.
Bhatti said India should produce more gold at home.
He believes this could reduce gold imports and create local jobs.
During his visit, he saw how gold ore is mined and changed into refined gold.
Officials said Hutti produces about two to four kilograms of gold each day.
Telangana Deputy Chief Minister Mallu Bhatti Vikramarka asked officials to explore a joint venture between Singareni and Karnataka’s Hutti Gold Mines.
The proposed partnership would combine Hutti’s gold expertise with Singareni’s mineral-exploration and mining capabilities.
Singareni officials were directed to prepare an action plan covering exploration, extraction, processing, refining, technology and training.
Bhatti said increased domestic gold production could reduce import dependence, create local employment and support economic development.
During his Karnataka visit, Bhatti inspected Hutti and Uti mines and ordered faster exploration of Singareni’s Devadurga gold and copper block.
- Who
- Telangana Deputy Chief Minister Mallu Bhatti Vikramarka, Singareni officials and Hutti Gold Mines officials.
- What
- Officials were directed to explore a joint venture and prepare a collaboration plan for gold exploration, mining, processing and refining.
- Where
- Hutti and Uti gold mines in Raichur district, Karnataka; the Devadurga gold and copper block was also discussed.
- When
- During Bhatti Vikramarka’s second-day Karnataka visit on Friday, August 28.
- Why
- To combine technical expertise, increase domestic gold production, reduce dependence on imports, use advanced technology and support employment and economic development.
Key facts
- Proposed partners
- Singareni Collieries Company Limited and Hutti Gold Mines
- Proposed cooperation
- Gold exploration, mining, extraction, processing and refining
- Additional cooperation
- Modern technologies, technical experts and human-resource training
- Hutti production
- An average of 2 to 4 kilograms of gold per day
- Sites inspected
- Hutti production facilities, the Uti open-cast mine and the Uti underground mine
- Devadurga block
- A gold and copper block secured by Singareni through an auction
- Stated objective
- Increase domestic gold production and reduce dependence on imports
Sources
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