Staff Correspondent

‘MoUs can be signed if Chief Minister permits excavation’


and Kudrekonda

have gold’

DAVANGERE: M.P. Renukacharya, Honnali MLA, and chairman of the Hutti Gold Mines, has said that gold mines have been found in two villages of Honnali taluk while a platinum mine has been found in a village in Chennagiri taluk of the district.

He said he had plans to excavate gold and platinum in the three villages, in association with a few multinational companies.

He said that he had sought permission from Chief Minister B.S. Yeddyurappa in this regard and if the latter agreed, memoranda of understanding could be signed to carry out excavation work.

Speaking to presspersons here on Monday, Mr. Renukacharya said the villages were Paluvanakattee and Kudrekonda which had the gold mines and Hanumapura in Chennagiri taluk where platinum was reportedly found. Although the Hutti Gold Mines had been financially sound, it could not invest huge capital on mining in new areas.

Hence, multinational companies would have to be involved in the venture, he added.

The chairman also said four multinational companies had come forward to invest in the proposal.

To a question, he said funds were inadequate to modernise the Hutti Gold Mines.

He also said seven to eight kg of gold was being produced from it every day and added that production had to be improved to meet the expenditure.

Mr. Renukacharya clarified that he and a few other MLAs of the BJP had not revolted against the Chief Minister and said that they had only opposed the actions of an official and a Minister.

He said that both the Minister and the officer tried to malign some MLAs, misguiding the Chief Minister in the process.

Mr. Renukacharya, however, refused to name the Minister and official.

Referring to the criticism by Congress leaders D.K. Shivakumar and M. Mallikarjun Kharge of the functioning of the Chief Minister, Mr. Renukacharya told them to set their house in order first and then look beyond.