BGML was closed down in 2001 and the former workers and trade unions have been consistently demanding that mines be revived.

An agreement has been signed between Gopal Dhawan, chairman-cum-managing director, Mineral Exploration Corporation Ltd. (MECL) and managing director in-charge of Bharat Gold Mines Limited (BGML), and A.K. Tyagi, chairman-cum-managing director of MECON Ltd., a Central public sector unit, for reviving Bharat Gold Mines Ltd. (BGML) through a global bidding process.

BGML was closed down in 2001 and the former workers and trade unions have been consistently demanding that mines be revived.

According to a release from the Udyog Bhavan, New Delhi, Union Minister for Mines Dinsha J. Patel and Union Minister of State, MSMEs, K.H. Muniyappa were present during the signing of the agreement at the Ministry of Mines on Thursday.

MECON has been engaged as consultant to BGML for the global bidding process.