3,000 tonnes of gold reserves found in UP's Sonbhadra


Sonbhadra (UP), Feb 21 (IANS): An estimated 3,000 tonnes of gold reserves have been found in Uttar Pradesh's Sonbhadra district, the Department of Geology and Mining confirmed on Friday.

According to current prices, the value of this amount of gold could be around Rs 12 lakh crore. Sonbhadra is counted among the most backward districts of the country.

The area of the hill where the gold was found is said to be 108 hectares. An order for its auction has also been issued through e-tendering.

A seven-member team was constituted for geo-tagging of mineral sites, and their report will be submitted to the Department of Mining, Lucknow by February 22.

Sonbhadra District Mining Officer K.K. Rai told IANS that a team of Department of Geology and Mining and Geological Survey of India (GSI) is engaged in this task.

He said that work on the site started after 2005 and the report has just been received. It is estimated to hold about 3,000 tonnes of gold.

The GSI is conducting an aerial survey of the quarry area for which two helicopters have been deployed.

Rai said it is being assessed how much land comes under the revenue department and under the forest department so that the process of permission from the forest department for mining can begin.

The state government has also expedited the process of leasing these mines. For the mining, the process of geo-tagging has been started before the auction process. E-tendering will be done as soon as the demarcation work is completed.

There is also a strong possibility of presence of other precious minerals, including uranium, in the hills of the region.

Geophysical survey is underway by helicopter in many parts of the district. Electromagnetic and spectrometer devices are being used in the survey. Part of these instruments hang under the helicopter which conducts a flying survey at an altitude of 60-80 meters above the ground surface.

 

  

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Comment on this article

  • Vijay, Bantwal/Abu Dhabi

    Sat, Feb 22 2020

    Few years back in UP a Sanyasi Baba dreamt of having Kazhana underneath earth and UP govt and officials with the help of Geographical survey of India started digging earth. After spending few crores at last they got Babooji ka Tollu!

    DisAgree [1] Agree [7] Reply Report Abuse

  • Wilfred J. Lewis, Matpady-Brahmavar/ New York, USA

    Sat, Feb 22 2020

    Very positive development, I would place my bid for mining rights...

    DisAgree [1] Agree [4] Reply Report Abuse

  • JANETTE USHA DSOUZA, MANGALORE

    Sat, Feb 22 2020

    108 acre forest area gone - one more dust filled desert on the way like bellary - ambani adani or any gujju big bull will get the bid and we Indians will get bigger coconut shell (tippi in tulu)

    DisAgree [5] Agree [8] Reply Report Abuse

  • Mangalurian, Mangaluru

    Sat, Feb 22 2020

    The estimated cost of extracting gold from mines and then refining it is extremely high.

    So high in fact that the profit margin, after all the hard work, is well below 20%.

    So, an enterprise that buys a gold mine in auction is undertaking a great risk. What if they don't find enough gold to turn a profit?

    I am sure Adani will not be a bidder.

    DisAgree [5] Agree [9] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Sat, Feb 22 2020

    Only Karnataka Government in India has managed Gold mines & have experence in Gold digging and contract should go to Karnataka Gold mines Ltd,.

    DisAgree [4] Agree [4] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Sat, Feb 22 2020

    This Contract will go to Adani ...

    DisAgree [6] Agree [13] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Sat, Feb 22 2020

    Let us start the Gold rush and go Sonbhadra and build golden temple for Lord Rama. All Gold belong to God Rama.

    DisAgree [6] Agree [4] Reply Report Abuse

  • k b r, Mangala Uru

    Sat, Feb 22 2020

    "Rs 12 lakh crore" ... this is similar to the figure we heard in 2014 about blackmoney stashed abroad by Indians and which would be brought back to India.

    God is great, since bringing of blackmoney back to India became non-starter, God compensated through this gold reserve. There is still possibility of each citizen getting pandraah laakh...

    DisAgree [4] Agree [8] Reply Report Abuse

  • RK, Mangalore

    Sat, Feb 22 2020

    Trillion economy India.

    DisAgree Agree [6] Reply Report Abuse

  • Ponkra, Mangaluru

    Fri, Feb 21 2020

    Now this wealth will be distributed among ......? obviously not enjoyed by the general public but the SARKARI BABU and Politicians ! You people almost forgotten BALLARI Mining episode ! This is democracy as they reported this village is very poor background and will remain the same its like MRPL in Mangalore ! Though the most educated people living in the DISTRICT but the jobs are offered for the outsiders !! likewise MANGALORE AIRPORT AND RAILWAY !!

    Kamath was demanding TULU to be recognized instead begging for the EMPLOYMENT to the youth ! These kind of developmental work cant be done by our representatives if the youth go for work then who will do their job for the begging the votes ?

    Thanks for the findings but no use in INDIA !

    DisAgree [3] Agree [6] Reply Report Abuse

  • Rolf, Dubai

    Fri, Feb 21 2020

    pokedda Trump cannoot be fooled.
    What about Gomuther Gold.

    DisAgree [3] Agree [9] Reply Report Abuse

  • G Veer S, Nagpur

    Fri, Feb 21 2020

    It took 15 years to determine 3K tonnes of gold reserves in this site????. Why so prolonged lack lustre effort by govt agencies on this high value lucrative venture???. BJP MP Janardhan Reddy & Brothers are experts in mining and exporting in this trade may own it before autioneering starts.

    DisAgree [1] Agree [5] Reply Report Abuse


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