Centre may sell 13 block gold mines in Uttar Pradesh and Andhra this month
- August 15, 2022
- Posted by: OptimizeIAS Team
- Category: DPN Topics
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Centre may sell 13 block gold mines in Uttar Pradesh and Andhra this month
Subject : Geography
Section: Economic
Context:
The government plans to put on block 13 gold mines in the states of Andhra Pradesh and Uttar Pradesh in the ongoing month amid its efforts to give a boost to the mining sector’s contribution to the country’s gross domestic product.
- The gold mines in Andhra Pradesh include Ramagiri North Block, Boksampalli North Block, Boksampalli South Block, Javakula-A Block, Javakula-B Block, Javakula-C Block, Javakula-D Block, Javakula-E Block, Javakula-F Block.
- Of the three mines in Uttarpradesh, two gold mines — Sonapahari Block and Dhurva-Biadand Block– are in Sonbhadra.
- India has 500 million tonnes of gold ore reserves,The largest reserves of gold ores are located in Bihar (44 per cent), followed by Rajasthan (25 per cent), Karnataka (21 per cent), West Bengal (3 per cent), Andhra Pradesh (3 per cent), Jharkhand (2 per cent).
- The remaining 2 per cent reserves are in Chhattisgarh, Madhya Pradesh, Kerala, Maharashtra and Tamil Nadu.
- The Government of India recently amended the Minerals Evidence of Mineral Contents Rules to allow auction of composite licence at G4 level for deep-seated minerals, including gold.
- Countries With the Largest Gold Reserves in the World US, Germany, Italy, France, Russia