All set to start 1,000 tonnes per day (TPD), gold ore processing plant in Gadag district of Karnataka, Hospet-based Ramgad Minerals and Mining Ltd (RMML), a Baldota Group company is excited at its future prospects. The plant is being set up in technical collaboration with a South African gold mining company, Turnberry. It will come up at Attikatti village in Gadag district at an initial investment of Rs 300 crore. The company has been granted mining rights in an open cast mine at Sangli village, about 32 km from Gadag. The mine is spread over 98 hectares.
Exploration carried out by the company in eight villages of Gadag has shown that 2.8 grams of gold could be extracted from every tonne of ore. The Sangli mine is estimated to contain 2.4 million tonnes of gold. Established in 1961, the Baldota Group has been in the business of exploration, mining and marketing of minerals.
As operations begin next year, RMML would become the first private sector gold mining company in India. Presently, only one public sector company, Karnataka government-owned Hutti Gold Mines Company Ltd, is operating a gold mine in the Raichur district of Karnataka. The other gold mining company, Bharat Gold Mines Ltd (BGML) has wound up operations at Kolar Gold Fields near Bangalore.
