By Admin 
Gold Mining Project Andhra Pradesh: Amidst the rising prices of gold in the country, a mine in a state of India is preparing to produce gold. Andhra Pradesh state where Chief Minister N Chandrababu Naidu has flagged off a major private gold mining and processing project of the state in Jonnagiri in Kurnool district. This project is considered to be one of the major gold mining projects of India.
This project has been prepared at a cost of about Rs 405 crore. Which is spread over an area of 1,500 acres, in which mining work has been started in 600 acres in the first phase. The state government has also changed the name of Jonnagiri village to ‘Swarangiri’. However, this will only be a temporary or symbolic name.
A project like KGF brought new hope
According to the government, this project has brought new hope like Kolar Gold Fields (KGF), which was once the most famous gold mine of the country. About 400 kg of gold is expected to be produced from the mine in the first year. From the second year the production can increase to 900 kg and going forward a target has been set to produce 2 tonnes of gold every year.
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How will the project provide employment?
This project is not only important for gold excavation, but it is also likely to provide employment to about 700 people. Along with this, the state government will also get huge economic benefit from this project. The government will get 4% royalty on the production value of gold, which can generate income of crores of rupees. This project is being considered a big step not only in the mining sector but also in terms of local development, employment and economic strength.
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