Hutti Gold Mines to up output

Hutti Gold Mines Company Ltd. (HGML), one of the few profit-making State government undertakings in Karnataka, has decided to sink a new main circular shaft at its mines in Lingasugur taluk of Raichur district at a cost of Rs. 204 crore. It had obtained the State government's approval for it.

Managing Director of the company V. Chandrasekhar told The Hindu that the shaft would help increase gold ore production from five lakh tonnes to six lakh tonnes through improved mechanisation and productivity. The company produces 2.5 tonnes of gold a year and the extra one lakh tonne ore would yield another 500 kg of gold.