Gold mine with 5 times India’s current reserve found in UP’s Sonbhadra The data by the World Gold Council shows India currently has 626 tonnes of gold reserves.
The Kolar Gold Fields also known as KGF was one of the major gold mines in India. It was closed in the year 2001 due to reducing gold deposits and increasing costs. It was on 28 February 2001 that due to inflation of gold rates and with bearing a huge amount of losses it was finally closed.
La India is a surface and underground project owned by La India Gold S.A. a subsidiary of Condor Gold plc. Condor . La India is lo ed in the western flanks of the Central Highlands in northwestern Nicaragua in the municipalities of Santa Rosa del Peñon and El Jicaral near the regional center of Leon approximately 70 kilometers to the north of the capital city of Managua.
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The La India mine is lo ed approximately 200 km east of Hermosillo in Sonora Mexico. The 629-square-km property includes the La India mine site the Chipriona gold resource and several other prospective exploration targets situated in the prolific Mulatos gold belt.
The La India Project hosts the historic La India Gold Mine which processed an estimated 1.7Mt at 13.4g/t for 576000oz Au between 1938 and 1956 the majority of the production under the ownership of Canadian mining company Noranda Inc. At the height of production in 1953 mine records show an annual production of 41861 oz gold at a grade of 0 ...
This lists of mines in India is subsidiary to the list of mines article and lists working and future mines in the country and is organised by the primary mineral output. For practical purposes stone marbles and other quarries may be included in this list. In India the underground mine to surface mine ratio is 20:80 citation needed .
The Gold Mines where you have to dig deep and look for gold bearing earth need license to mine and a lot of money to extract the metal. Currently all gold bearing mines are uneconomical.