Deputy CM Bhatti moots Singareni-Hutti JV for gold mining
During a visit to Hutti Gold Mines in Karnataka, Minister says both PSUs could leverage expertise in their own fields for future projects
Deputy Chief Minister M. Bhatti Vikramarka proposed a joint venture between Singareni Collieries Company Ltd (SCCL) and Hutti Gold Mines, a Karnataka Government entity with gold mining expertise. The collaboration aims to boost domestic gold production by combining the technical capabilities of both public sector undertakings. During his visit to gold mining areas in Karnataka, Bhatti highlighted Hutti's extensive experience in gold exploration, mining, processing, and refining, and suggested that SCCL could leverage this expertise along with its coal and mineral mining capabilities.
He emphasized the importance of gold in the country's economic security and proposed that public sector organizations like SCCL should be at the forefront of exploring and extracting gold mineral resources. Bhatti toured Hutti's facilities, including the production unit, ore processing plant, and electro-winning facility, where he witnessed the conversion of extracted ore into refined gold.
The Hutti project currently yields an average of 2 to 4 kilograms of gold daily. At the UT Open Cast Gold Mine, Bhatti observed ore extraction and examined maps related to the mine, seeking information on exploration technologies. The Deputy Chief Minister also noted a promising exploration block near Hutti that Singareni acquired through an auction, urging officials to utilize Hutti's technical expertise for this project.
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