� Thousands of years of ago when a child found a shiny rock in a

creek, the human race was introduced to gold for the first time.

� Its brilliance, natural beauty and its great malleability and

resistance to tarnish made it enjoyable to own it.

� Humans in ancient and modern civilizations almost intuitively placed high value on gold by equating with Gods, Power, Beauty

and Cultural elite. Passing through fire, during its evolution

process.

� Gold has become synonymous with purity, the reason for its

magnanimous usage during wedding and religious occasions.

STORY OF GOLDSTORY OF GOLD

GOLD MINING HISTORY

� Ancient Mining Dates back to 2000 years

� Mining in the early part of 16th Century (During Vijaynagar

Kingdom)

� Modern gold mining commenced by the end of 19th Century.

WHY GOLD MINING?

• Gold is small volume high value commodity

• In this world of uncertainties, gold is and will always be treated as “Safe Haven” by the general investors.

• A reliable commodity to hedge against inflation

• An excellent tool for asset diversification since the world is increasingly looking at gold.

• Continues to remain as a most treasured possession of both men and women in India, be it a rural or urban.

• Is used as a reserve in the countries

• Gold is a precious due to perceived rarity.

• Gold is a resistant to corrosion or oxidation, unlike most base metals like ours.

WHY GOLD MINING? (…..Continued)

• Gold is an inseparable part of Indian psyche and ethnically is considered as an asset and ideal investment option.

• People consider gold as having a closer link to money than any other metal

• The attractiveness of gold as a piece of jewellery has unprecedently increased at the same time it can be pledged and exchanged for money

• However, our monetary system is not directly linked to or backed by gold. Once converted into jewellery it remains idle. Therefore, to many, particularly in developed countries, gold seems to be rather useless metal. Yet, gold mining as a business and an occupation is useful both to the entrepreneur and the host Government. Therefore, the equation “gold mining equals money mining” is true in practical terms. Gold mining has significant advantages for a developing country.

GOLD RESOURCESGOLD RESOURCESState wise principal districts where gold resources have been established

Andhra Pradesh = Anantapur, Chittur, Kurnool

Bihar = Kamui

Chattisgarh = Raipur

Jharkhand = East Singhbhum

Karnataka = Chitradurga, Dharwar, Gadag,Gulbarga, Hassan, Haveri, Kolar, Raichur & Tumkur.

Kerala = Malappuram, Palakkad

Madhya Pradesh = Sidhi, Jabalpur

Maharashtra = Nagpur, Bhandara

Rajasthan = Banswara, Sirohi, Udaipur, Bhilwara, Dausa.

Tamil Nadu = Dharmapuri

West Bengal = Purulia

Present Producers of Primary GoldPresent Producers of Primary Gold

KUNDRERKOCHA

HUTTI,

UTI &

HERA - BUDDINI.

Mines

Singhbhum East

JharkhandManmohanManmohan Industries (P) Ltd.Industries (P) Ltd.Shantiniketan,

286, New Patliputra Colony,Patna, Bihar.

RaichurKarnatakaThe Hutti Gold Mines Co. Ltd.The Hutti Gold Mines Co. Ltd.

REGD. OFFICE: 3rd Floor,

KHB New Shopping Complex,

National Games Village,

Koramangala (Post),

Bangalore – 560 047 Karnataka

DistrictState

Location of the MineName and address of the Producer

Present Producers of Secondary Gold or ByPresent Producers of Secondary Gold or By --productproduct

BaruchGujarat2. Hindalco Industries Ltd.

(A unit of Birla Group)

SinghbhumJharkhand1. Hindustan Copper Ltd (HCL)

DistrictState

Location of the MineName and address of the Producer

State 2005-06 2007-08 2008-09 (Provisional) (Provisional)

(upto August)

Karnataka 2.846 2.831 1.162Jharkhand 0.201 0.027 0.008Gujarat 6.710 9.135 2.571(as by product)

Total 9.757 11.993 3.741

PRESENT GOLD PRODUCTION IN INDIAPRESENT GOLD PRODUCTION IN INDIA

This is the general geological map of Karnataka showing the distribution of

Precambrian Green stone belts in which various gold deposits are located.Hutti Maski Belt is one such most promising and the position of the Hutti Belt in relation to the other Precambrian Green Belts of Karnataka.Particularly Eastern green stone belts namely Hutti, Ramgiri, Kolar are

important as the major working gold mines fall in these belts.

AN OVERVIEW OF

HUTTI GOLD MINES COMPANY LIMITED

2009

WELCOME TO WELCOME TO

HUTTI GOLD MINESHUTTI GOLD MINES

A PANORAMIC VIEW OF HUTTI GOLD MINES AND A PANORAMIC VIEW OF HUTTI GOLD MINES AND METALLURGICAL PLANTSMETALLURGICAL PLANTS

INTRODUCTION

� Hutti Gold Mines Company Limited (HGML), a Government of Karnataka Enterprise, established in 1947, has the unique distinction of being the only producer of primary gold in the country, which possess the infrastructure, expertise and experience.

� HGML has been active in the exploration, development and exploitation of gold deposits in Karnataka.

� The company’s Corporate Office is situated in Bangalore and operates two units - The Hutti Gold Unit (HGU), in Raichur district and the other Chitradurga Gold Unit (CGU) in Chitradurga district .

� HGU and CGU are fully integrated units, with capacities to treat 6,00,000 tpy and 1,30,000 tpy of ore respectively.

� The HGU currently, processes the ore from Hutti mine and two satellite mines, Uti (opencast) and Hira-Buddinni (Exploratory underground mine).

� Major expansion including the extended capacity of the metallurgical plant in phased manner, is also under consideration.

After closure of Bharat Gold Mines Limited (BGML) in 2001, HGML is the only unit processing gold from ore stage. Private sector HINDALCO processes gold as a by-product while processing copper.

MILESTONES IN THE HISTORY OF HUTTI GOLD MINES

1887 Gold Mining was undertaken by "Hyderabad (Deccan) Company" for the Nizam of Hyderabad.

1880 – 1920 Modern Mining took place between by M/s. John Taylor’s and Sons.

During the period between 1902 to 1918 only the Main Reef alone produced 3.8 lakhs tonnes of ore and yielded 7.41 tonnes of gold @ an average grade of 19.45 g/t. was mined upto 1052 m. depth.

1920 Mine closed down due to paucity of materials and funds, attributable to World War I.

1938 Detailed exploration by geological & geophysical surveys, diamond drilling and dewatering of the Village Reef mine were conducted, which resulted in rediscovery of Village, Zone - I and Oakley's Reefs.

1947 On 8th July 1947 "Hyderabad Gold Mines Company Limited" was incorporated and the mining operations were entrusted to John Taylor & Sons by the Nizam of Hyderabad.

1956 It was renamed as "The Hutti Gold Mines Company Limited" (HGML) with the formation of Mysore State (now Karnataka) when the states were reorganized.

19661966 Indian Gold Control Act 1966 imposed severe restrictions on GoldIndian Gold Control Act 1966 imposed severe restrictions on Gold trade and trade and industry.industry.

19711971 In its Silver Jubilee year, the capacity was tripled from 310 ToIn its Silver Jubilee year, the capacity was tripled from 310 Tonnes per day nnes per day

(TPD) to 910 TPD.(TPD) to 910 TPD.

19851985 The two loss making Copper Units "Chitradurga Copper Company" anThe two loss making Copper Units "Chitradurga Copper Company" and d "Karnataka Copper Consortium Limited" at Kalyadi were amalgamate"Karnataka Copper Consortium Limited" at Kalyadi were amalgamated with d with

HGML. Thus the company's operations were extended to Copper minHGML. Thus the company's operations were extended to Copper mining and ing and production of Copper Concentrate.production of Copper Concentrate.

19921992 The Gold Control Act was repealed allowing free import of gold rThe Gold Control Act was repealed allowing free import of gold resulting in esulting in

almost stabilization of Indian gold prices.almost stabilization of Indian gold prices.

19961996 Introduction of CarbonIntroduction of Carbon--inin--Pulp (CIP) technology in the MillPulp (CIP) technology in the Mill

1997 1997 In its "Golden Jubilee Year", HGML undertaken a comprehensive In its "Golden Jubilee Year", HGML undertaken a comprehensive Modernization & Expansion programme to double it’s production bModernization & Expansion programme to double it’s production by y increasing capacity at Hutti and conversion of Copper unit to Gincreasing capacity at Hutti and conversion of Copper unit to Gold unit at old unit at Chitradurga.Chitradurga.

19981998--99 99 & 2002 : & 2002 : PhasewisePhasewise Ball Mill addition Ball Mill addition

20022002--0404 Introduction of large Agitators (11 m Introduction of large Agitators (11 m diadia x 11.5 m height)x 11.5 m height)

20052005 Improvement in the Sand stowing system, Detoxification plant, neImprovement in the Sand stowing system, Detoxification plant, new high rate w high rate

thickener and Carbon columnthickener and Carbon column

HGML HGML -- INDIA’S LEADING PRODUCER OF INDIA’S LEADING PRODUCER OF PRIMARY GOLDPRIMARY GOLD

CORPORATE MISSION

� The Company is mainly engaged in the mining of gold at Hutti andChitradurga.

� To develop HGML industry on sound lines by exploiting existing gold deposits and developing new gold deposits located in various parts of Karnataka.

� Adoption of appropriate cost effective measures

� Introduction of modern technology in order to maximize indigenous production of gold.

� With the implementation of modernization and expansion programs at Hutti the corporate mission is aimed at making the company a self reliant, financial viability and increase production.

OBJECTIVES

� To carry out exploration activities to increase the ore reserves of the mining areas and find new deposits;

� To beneficiate, smelt, refine, cast of finished gold metal in to salable products in the form of bullion buttons;

� To increase the efficiency of mines & plants with the cost reduction by producing 2000 tons per day by implementing the modernization/ expansion project;

� To improve profitability;

� To achieve financial stability;

� To achieve the targets and goals set by the Board;

� To undertake appropriate pollution control measures and to improve the standards of safety.

� To undertake measures for improving the quality of social life of employee.

HGML ENTERS WORLD GOLD COUNCILHGML ENTERS WORLD GOLD COUNCIL

HGML has joined the bandwagon of the leading gold producing companies in the world by becoming 40th member of the World GoldCouncil and also enjoys reputation as the first one from India to become a member of the Council.

This will facilitate HGML for its contribution towards achieving the council’s prime objective of promoting both private and institutional ownership of gold and gold products.

THE HUTTI GOLD MINES AT A GLANCE

� Location : District Raichur, Karnataka.

� Distance : 80 km. West of Raichur 300 km. Southwest of Hyderabad & 480 km. North of Bangalore.

� Railway station : Raichur, South Central Railway – 80 kms.

� Mining History : a) Ancient Mining +2000 years old

� (Pre Ashokan Times)b) Modern Mining:

(i) Main Mine during Nizam's period

(1902-1918)(ii) Rediscovery of parallel lodes and mining

from 1947 onwards.

� Hutti Mining Lease Area : 528.35 Hect.

� Acquired Area : 334.18 Hect.

� Present Mine depth : 26th level, 842 m. (Below surface)

� Nature of the deposit : Archaean lode gold deposit.

Shear zones controlled gold-quartz - sulphide mineralisation.

• Total Ore Mined : 11.621 Million Tonnes

� Gold Produced. : 74.07 Tonnes of Gold(Till 31-03-2009 including Mangalur,

Main Mine, CGU & New Projects Production)

� Present scale of production : 5. 04 Lakhs TPA of Ore(Hutti Mines only) 2.68 Tonnes of Gold.

� HGML’s rated capacity of Production (Hutti & New Projects) : 6.00 Lakhs TPA of Ore

3.50 Tonnes of Gold.

88.1188.115.365.3616.4116.41

ORE RESERVES ESTIMATED AS ON 01ORE RESERVES ESTIMATED AS ON 01--0404--20092009PROVED & PROBABLE RESERVES PROVED & PROBABLE RESERVES (Upto the depth of 781 m. {24th Level} on 2.0 g/t (Upto the depth of 781 m. {24th Level} on 2.0 g/t CutCut--Off)Off)

74.07 74.07 6.376.3711.62111.621TOTAL ORE MINED AND GOLD PRODUCED SO TOTAL ORE MINED AND GOLD PRODUCED SO FARFAR

64.3664.365.995.9910.73710.737

Ore Mined so far from 1948 onwardsOre Mined so far from 1948 onwards(In the present mines on the other parallel (In the present mines on the other parallel lodes up to 781 m. depth as on 31lodes up to 781 m. depth as on 31--0303--2009)2009)

2)2)

7.417.4119.4919.490.380.38Ore already Mined in the Main Mine During the Ore already Mined in the Main Mine During the period 1902 to 1918period 1902 to 1918

1)1)

TOTAL TOTAL GOLDGOLD

(Tonnes)(Tonnes)

GRADEGRADE(g/t)(g/t)

OREORE(Million (Million Tonnes) Tonnes)

ORE MINED AND GOLD PRODUCED SO FAR FROM HUTTI MINESORE MINED AND GOLD PRODUCED SO FAR FROM HUTTI MINES

ORE RESERVES ESTIMATED AS ON 01ORE RESERVES ESTIMATED AS ON 01--0404--20092009

Ore Grade Total goldOre Grade Total gold

(Million Tonnes) (g/t) (Tonnes)(Million Tonnes) (g/t) (Tonnes)

1) PROVED RESERVES : 9.18 5.68 53.19

(Upto the present mine depth of 781 m.

(Upto 24th level at 2.0 g/t Cut-Off)

2) PROBABLE RESERVES: 7.23 4.83 34.92

(Between 781 m. & 1100 m. depths

based on Main reef data and Geological projections & grade at 80%)

3) RESOURCE : 21.77 4.83 105.12

(Between 1100 m. & 3000 m. depths

purely based on geological projections)

OVER-ALL TOTAL ORE RESOURCES OF HUTTI DEPOSIT : 38.18 5.06 193.23

(Present Mines Area)

19971997--2009 MODERNISATION AND EXPANSION2009 MODERNISATION AND EXPANSION

�� Mechanization of mining operations at Hutti Mines.Mechanization of mining operations at Hutti Mines.

�� Installation of Underground Crusher and Rock Breaker.Installation of Underground Crusher and Rock Breaker.

�� Augmenting Hoisting by new high speed winding system.Augmenting Hoisting by new high speed winding system.

�� Expansion of Metallurgical Plant.Expansion of Metallurgical Plant.

�� Introduced CarbonIntroduced Carbon--inin--Pulp (CIP) methodPulp (CIP) method

�� About 250 tonnes capacity each and in total four ball mills werAbout 250 tonnes capacity each and in total four ball mills were added e added from HZL, KCU & CGU units of HGML and from HZL, KCU & CGU units of HGML and SargipalliSargipalli mine of HZL mine of HZL during the period 1998 to 2002. With these installations the totduring the period 1998 to 2002. With these installations the total al

capacity of treatment plant enhanced to 2000 capacity of treatment plant enhanced to 2000 tpdtpd. .

�� Development of Satellite Mines (New Projects) Uti & HiraDevelopment of Satellite Mines (New Projects) Uti & Hira--BuddiniBuddini

�� Computerization of HGML’s functional areas.Computerization of HGML’s functional areas.

Gold Bearing Rich OresGold Bearing Rich Ores

1. EXPLORATION BY SURFACE TRENCHING.

2. EXPLORATION BY SURFACE DIAMOND DRILLING.

3. EXPLORATION BY UNDERGROUND DIAMOND DRILLING.

4. EXPLORATION BY EXPLORATORY MINING

EXPLORATION STAGESEXPLORATION STAGES

EXPLORATION AND DEVELOPMENT PLAN

EXPLORATION BY SURFACE DIAMOND DRILLING.EXPLORATION BY SURFACE DIAMOND DRILLING.

EXPLORATION METHODS AND STAGES

Exploration is the first process in the management of mineral industry.

There are several stages in the exploration of mineral deposits right from initial formative stage up to depletion stage of Mine. The different stages of exploration are:

� Regional Surveys/ Preliminary exploration.

� Follow up Surveys/Preliminary exploration.

� Detailed-Exploration.

� Development exploration/ Mine Exploration.

� Production-Exploration.

� Depletion Exploration i.e. Exploration to Exploit lean grade ore after rich is depleted.

EXPLORATION IS HIGH RISKEXPLORATION IS HIGH RISK

� 1000 mineral prospects found

� 100 are reconnaissance drill tested

� 10 are intensively drill tested

� 1 becomes a mine

THRUST AREAS FOR HUTTI GOLD UNITTHRUST AREAS FOR HUTTI GOLD UNIT

MINING

1. Deepening of the existing shafts.

2. Mine Development by primary and secondary development.

3. Further speeding of sand stowing.

4. Re-organisation of Ventilation System.

5. South Block & Main Reef Developments.

6. Taking of New Shaft from Surface.

7. Development of Satellite Gold Mines in the vicinity of Hutti – Uti, Hira-Buddini & Wondalli

METALLURGICAL

1. The additional metalurgical plant with a capacity to process 2000 tpd of gold ore. by Sag & Ball mill technology.

(1) DEEPENING OF THE SHAFTS.MALLAPPA SHAFT MALLAPPA SHAFT CENTRAL SHAFTCENTRAL SHAFT

MINING METHODS

1. Primary development – Drives & Cross cuts

2. Secondary developments – Sub-Levels, Drill-Levels & vertical developments

3. Stoping Methods – LDBH / SL,

Cut & Fill

Secondary processSecondary process

-- Recovery of gold from: Recovery of gold from:

• Woodchips generated in the process

• Fine Carbon

• Trash screen sand

• Electrowinning pit sludge

• Bag Filter Ash in Refinery

single stage cyclone systemTailings from Carbon

In Pulp plant

O/F, to tailing thicker

Cyclones

(Normally back to mine as fill material)

U/F

Tailings as fill material to under ground

Concentrate

Leaching tankFor CIL

Loaded carbon

GOLD RECOVERY

Tails

Falcon concentrator

Ball Millfor

regrinding

Flow diagram of stowing sand for recovering gold Flow diagram of stowing sand for recovering gold

SCAVENGED WOODCHIPS

CLEANING(IN SPECIALLY DESIGNEDAGITATOR MECHANISM)

DRYING

INCENERATION

ASH SCREENING

GRINDING

CHEM.OXIDATION (in special condition)

CARBON BURNING

CARBON ASH SMELTING

GOLD BULLION+ 65 #

- 65 #

RESIDUE

STACKING

CIL

Recovery of Gold from Woodchips

CARBON COLUMNS TO RECOVER RESIDUAL CARBON COLUMNS TO RECOVER RESIDUAL GOLD FROM PROCESS WATERGOLD FROM PROCESS WATER

Effective utilizationEffective utilization

• Rubber lining of Ball mill

• Rubber lining of Impeller & casing in pumps

• Variable Frequency drives for pumps

• Reagent Dosing systems

• Process control systems

• Water recycling systems

PRODUCTION DETAILSPRODUCTION DETAILS

Year Ore treated

(MT)

Gold

Produced

(Kgs)

1993-1994 178338 963.07

1994-1995 246481 1232.44

1995-1996 232626 1011.09

1996-1997 283083 1594.16

1997-1998 293640 1648.69

1998-1999 323974 1647.46

1999-2000 349084 1580.48

2000-2001 335845 1958.47

2001-2002 409437 2416.33

2002-2003 525928 2709.00

2003-2004 573577 3107.77

2004-2005 592685 3507.61

2005-2006 513722 2848.34

2006-2007 522374 2336.27

2007-2008 562921 2808.38

2008-2009 570447 2420.38

HGMLHGML’’ss CORPORATE ACHIEVEMENTCORPORATE ACHIEVEMENTPRODUCTION AND FINANCIAL PERFORMANCEPRODUCTION AND FINANCIAL PERFORMANCE

HUTTI GOLD UNIT

(HUTTI + UTI + HIRA-BUDDINI MINES) Total Gold Produced

by HGM Co.

Ltd.

(Kgs)

Profit

before tax

(Rs. in lakhs)

Net Profit

(Profit after

tax)(Rs. in lakhs)Year

Ore

Treated(Hutti+NP)

(Tonnes)

Net

Grade

(G/t.)

Gold

Produced

(Kgs)

2008-09 570447 4.24 2420.38 2306.40 15395.95* 9305.98*

*Provisional

HGMLHGML’’ss CORPORATE ACHIEVEMENTCORPORATE ACHIEVEMENT

FINANCIAL PERFORMANCE FOR THE LAST FIVE YEARSFINANCIAL PERFORMANCE FOR THE LAST FIVE YEARSFROM 2004FROM 2004--05 TO 200805 TO 2008--0909

PARTICULARS 2004-05 2005-06 2006-07 2007-08 2008-09 *

SALE OF GOLD (KGS) 2943.36 3012.69 2364.86 3002.37 2427.27

SALE VALUE (RS. IN LAKHS)

18024.58 20677.44 21969.06 29735.89 30663.65

SALE OF SILVER

(KGS)329.28 326.83 233.03 291.17 247.18

SALE VALUE (RS. IN LAKHS)

35.20 38.16 44.59 56.07 52.69

TOTAL SALES (RS. IN LAKHS)

18059.78 24055.12 22013.65 29791.96 30716.34

* Provisional

COST OF PRODUCTION OF HUTTI GOLD MINES COST OF PRODUCTION OF HUTTI GOLD MINES APRIL APRIL -- 2008 TO MARCH 2008 TO MARCH -- 20092009

REVENUE EXPENDITURE

TOTAL COST(RS. IN LAKHS)

COST PER

TONNE

Rs. P.

GRAMME

Rs. P.

UNDERGROUND DEPARTMENT

7013.81 1389.83 304.10

METALLURGICAL DEPARTMENT

3478.20 689.23 150.81

ENGINEERING DEPARTMENT (BAL)

533.24 105.66 23.12

ADMINISTRATION DEPARTMENT

3112.91 616.84 134.97

TOTAL 14138.16 2801.56 613.00

DEPRECIATION (ACTUALS)

535.43 106.10 23.21

ROYALTY 473.91 93.91 20.55

DRE 105.10 20.83 4.56

ADMINISTRATIVE EXPENSES

606.68 120.22 26.30

TOTAL 15859.28 3142.62 687.62

HGML ENTERS INTO DIVERSIFICATION

Wind Farm Project at Chitradurga Gold Unit

The Earth Crust

Gold (4 ppp)

PRODUCTION OF GOLD BULLION IN INDIA2002-03 to 2006-07

(Quantity in kg; value is Rs. ‘000)

11682918128252006-07

734110797572005-06

52533368680 2004-05

5854504103642003-04

37352218500 2002-03

ValueQuantityYear

Gold Bullion

Production of gold bullion in India is reported bot h in primary and secondary forms. Total production of gold bullion in 2006-07 at 12825 kgs. increased by about 31.44% from 9757 kg in the previous year.

INDIA’s PAST GOLD PRODUCTION(IN TONNES)

� Pre-historic time to 2007 – 3900 BC – 500 AD – 990 – 500 – 1492 AD – 145 – 1492 – 1977 – 830 – 1977 – 2007 – 76

TOTAL TOTAL –– 20412041

� Maximum production reached an all time high of about 20 t/y sometimes in the wee years of this Century.

� More than 99% production came from three Archaean greenstone

� Production during the time of India’s Independence (1947) 5-6 tonnes.

� Now it has dwindled down to 3 tonnes.� Belts (Kolar (800t), Hutti (66t), Ramagiri(7t).

World Mine Production of Gold(By Principal Countries)

(In tonnes of metal content)

2352

699

260

275

153

203

167

240

104

251

2006

2369

821

238

255

144

170

118

276

101

246

2007

2494

870

250

300

165

175

140

225

115

254

2005

2168246325932590World Total

660826778784Other countries

234258285299USA

232341376395South Africa

164169182181Russia

175173172157Peru

9093163158Indonesia

288215213202China

100129141148Canada

225259284266Australia

2008200420032002Country

(Source: ICRA & www.goldsheetlinks.com)

So far India was averse to foreign collaboration in the field of mineral exploration (-exploitation).

To day, it seems, she is too eager to solicit it. Both are extreme steps. We should indeed seek foreign collaboration, partic ularly of those agencies which have vast experience in the agencies which have vast experience in the specific field. But this can not be in place of our own effort. It should be only added to our own strengt h.

MNCs normally will not be interested in low-medium t onnage deposits. These may be given to indigenous private companies, or to co-operatives. Co-operative gold mining was, and p ossibly still, is, an established practice in the former USSR and present China.

MNCs have to be inducted for this purpose with appli cation of state-of-the-art technology. The mining sector, which has be en thrown open for private entrepreneurs and MNCs, has to provide with fast disposal and support from the Government so as to attract more a nd more investments.

COLLABORATION/JV

SUMMARY AND CONCLUSION:

Enhancement of Gold productionEnhancement of Gold production1. Chigargunta deposits (Kolar schist belt), Yeppammana mine (Ramagiri

schist belt) and Bisanattam (Kolar schist belt) deposit which were producing gold.

2. Treatment of Tailing Dump at KGF3. Increasing Gold production in existing mines of H GML leaseholds.

Appropriate changes in the mine layouts, adoption of improved mining methods with optimum mechanisation, adoption of improved gold recovery techniques suited to specific ore types and fast development of already proved nearby lodes of lower grades for shallow level exploitation may bring in a significant change in the present scene.

4. Augmenting by-product gold production.In India, HCL is producing by-product gold from copper concentrates. The Hindalco Industries is producing by-product gold from imported copper concentrate. It is necessary to increase production of by-product gold.

5. Regional and detailed exploration

6. Regional Exploration for primary gold

7. Detailed Exploration of primary gold

8. Secondary gold

9. Modernisation of Exploration, Mining and Gold Recovery Techniques

10. Cluster mining – There are number of isolated sm all gold deposits, which calls for improved methods of narrow vein min ing for theireconomic exploitation. Introduction of small scale mining culture in gold industry is a need of the day. Various options like cluster mining, having common facilities, probable caravan type gold treatment plants etc. may find relevance once this culture is inducted.

11. Adoption of modern gold extraction techniques s uch as CIP & CIL, Heap leaching and Pressure leaching & Bio-leaching.

Global miners eye Indian gold reserves

In recent years, global mining majors are making a beeline to India in the hunt for gold and diamond. Overseas prospecting companies who are already havi ng satellite data on the location of India’s gold rese rves are likely to soon stampede their way into India, usher ing in the next big gold rush after china. Canadian prosp ecting firms, who are already on the prowl for suitable In dian joint venture partners, are making the first advanc es.

Mineral Potential of the Indian Terrain

Geologically, the Indian

terrain is largely comprised

of precambrian rocks.

Similar rocks are known to

contain large quantities of

gold/base metals in parts of

Western Australia, Canada,

Africa, South America &

China.

DH ARWAR CRATON

A hmedabadA hmedabadA hmedabadA hmedabadA hmedabadAhm edabadAhm edabadAhm edabadA hmedabad

INDIA

Tr ivendrumTr ivendrumTr ivendrumTrivendrumTrivendrumTrivendrumTrivendrumTrivendrumTrivendrum

�

�

�YILGA RNC RATON

� PILB ARACRATON

WESTERN AUSTRALIA

CAN NINGBASIN

KIMBERLYBLOCK

BangaloreBangaloreBangaloreBangaloreBangaloreBangaloreBangaloreBangaloreBangaloreKolarKolarKolarKolarKolarKolarKolarKolarKolar

MeekatharaMeekatharaMeekatharaMeeka tharaMeeka tharaMeekatharaMeekatharaMeekatharaMeeka thara

Mumba iMumba iMumba iMumbaiMumbaiMumbaiMumbaiMumbaiMumbai

GoaGoaGoaGoaGoaGoaGoaGoaGoa

KalgoorlieKalgoorlieKalgoorlieKalgoorlieKalgoorlieKalgoorlieKalgoorlieKalgoorlieKalgoorlie

HuttiHuttiHuttiHuttiHuttiHuttiHuttiHuttiHutti

HyderabadHyderabadHyderabadHyderabadHyderabadHyde rabadHyde rabadHyde rabadHyderabad

NagpurNagpurNagpurNagpurNagpurNagpurNagpurNagpurNagpurRaipurRaipurRaipurRaipurRaipurRaipurRaipurRaipurRaipur

RanchiRanchiRanchiRanchiRanchiRanchiRanchiRanchiRanchiCulcuttaCulcuttaCulcuttaCulcuttaCulcuttaCulcuttaCulcuttaCulcuttaCulcutta

BhopalBhopalBhopalBhopalBhopalBhopalBhopalBhopalBhopal SidhiSidhiSidhiSidhiSidhiSidhiSidhiSidhiSidhi

PerthPerthPerthPerthPerthPerthPerthPerthPerth

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