Monday, 21st February 2005 (4223 views)

Gold reserves in Kerala, identified back in 1962 and worth an estimated $137 million (Rs.6 billion), are soon to be exploited.

According to official studies, Kerala's reserves contain 13.88 grams of gold for every tonne of ore, making it exceptionally high quality.

Karnataka-based Hutti Gold Mines has shown interest for mining in the area, and other companies from the country and abroad are expected to put forward proposals.

A feasibility report, commissioned by the central government and conducted by the Mineral Exploration Corporation of India, will reveal exactly how the mining should be carried out, according to Kerala News.

The corporation's report will also look into the environmental aspects of possible mining.

N. Krishna Kumar, director in the Department of Mining and Geology, told reporters that once the feasibility report was ready, the Department of Mining and Geology would give the final license for gold mining.

Once sanctioned, mining will begin at Nilambur in the Malappuram district and Attapadi in the Palakkad district.

 

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