India is set to mark a major milestone in its mining sector with the launch of the Jonnagiri gold project in Kurnool district. This will be the country’s first large-scale private gold mine since Independence, signalling a significant shift towards reducing reliance on imported gold and advancing the vision of self-reliance.
Developed by Geomysore Services India Pvt Ltd with backing from Deccan Gold Mines Ltd, the project spans nearly 598 hectares. With an investment exceeding ₹400 crore, the mine is expected to produce around 1,000 kg of gold annually at peak capacity. The initiative comes at a time when India imports over 800 tonnes of gold each year, putting pressure on foreign exchange reserves.
Currently, Hutti Gold Mines remains the only significant domestic producer, following the closure of Kolar Gold Fields in 2000. The Jonnagiri project is expected to fill this gap and encourage private investment in mineral exploration.
Beyond production, the project also showcases modern mining techniques, transforming gold-bearing rock into refined doré bars through advanced processing methods. Overall, the Jonnagiri gold mine represents a crucial step in strengthening India’s mineral security and boosting its economic resilience.
