A Golden Era: India's First Large-Scale Private Gold Mine

India’s gold production is poised for a significant boost as Deccan Gold Mines Ltd (DGML) prepares to commence full-scale operations at the Jonnagiri Gold Project in Andhra Pradesh—marking the launch of the country’s first large-scale private gold mine.

Located near Erragudi, Pagadirayi, and Jonnagiri villages in Kurnool district, the project is being developed by Geomysore Services India, in which DGML holds a strategic stake. This development is especially notable given that India imports nearly 1,000 tonnes of gold annually, making it the second-largest import after crude oil.

The project received environmental clearance (EC) in June–July 2025 and is currently awaiting final state-level approvals. According to DGML Managing Director Hanuma Prasad, who spoke at the CII India Mining Summit 2025, stabilisation activities are underway, with final adjustments being made to the plant technology.

Once operational, the Jonnagiri mine is expected to produce approximately 750 kg of gold annually, with plans to scale up to 1,000 kg over the next two to three years. This represents a major leap, considering India’s current domestic gold output is just 1.5 tonnes per year.

News by Rahul Yelligetti.