The euphoria over the claim that around 3,000 tonnes of gold reserves, worth Rs 12 trillion, have been discovered in Uttar Pradesh’s Sonbhadra district could not last even 24 hours, with the Geological Survey of India (GSI) clarifying on Saturday there had been no such discovery.
The GSI, headquartered in Kolkata, rebutted the claims of the Uttar Pradesh Directorate of Geology and Mining (UPDGM), and said “miscommunication” must have led to the wrong reporting of facts.
M Sridhar, director general of the GSI, said nobody in the agency gave any such data. He said 52,806 tonnes of gold ore was found in Sonbhadra district during the exploration work in 1998-2000. From this reserve, only 160 kg of gold can be extracted.
“There must have been some miscommunication of facts because of which the gold ore deposits have been overestimated. We have written a letter to Uttar Pradesh (UPDGM), stating the facts. The GSI has not estimated such kind of vast resource of gold deposits in Sonbhadra,” Sridhar said.
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The UPDGM had said on Friday that gold deposits were found in Son Pahadi and Hardi areas of the district. Sridhar said while gold ore was found in the area during the GSI’s exploration work in 1998-2000, it had told the state government about the discovery in November last year.
Under the new regulation, which came into effect from 2015, the GSI has to inform the state government when ore deposits are discovered. Earlier, no such action was mandatory. In its report, the GSI estimated that only 3.03 gm of gold can be extracted from a tonne of ore. It also clarified that even the extraction amount was tentative and could not be established for certain.
Moreover, Sridhar said the deposits were spread across only 0.5 sq km in forest land, which made the mining of ore economically unviable. “When there are several mines nearby, we can club it into a block and then it makes sense to mine the ore. But in this case, the deposits are too small to make it viable for any company to mine it,” he said. The GSI usually prioritises its exploration work based on the needs of the Centre. While strategic minerals like tin, cobalt, lithium, beryllium, germanium, gallium, indium, tantalum, niobium, selenium, and bismuth are atop the list in GSI exploration, gold is another commodity on its priority list.
According to the World Gold Council, India has reserves of 630 tonnes of gold.
During the meeting, Sonia expressed her unhappiness over the manner in which the State party leaders handled the controversy over Chief Minister Siddaramaiah's expensive wristwatch, the sources said.
Comments
Remove both siddu and parameshwar from their respective positions. Allow new faces otherwise congress in the state will repeat the same result in state which happened with congress in the central. Siddu is responsible for Hebbal loss.
Well said Ibrahim, no need opposition party to Siddu/Cong when Parameshwar is there. Most Congis are more than Sanghis only diff is CHEDDI is covered in white Lungi/Pyjama.
G Parameshwara is unfit for any post.
Dr. Parameshwar is playing petty politics within Congress as he is eying on the CM post. Instead of his intentions of removing Sidda Ramayya, he should be removed from KPCC president post and Home ministry, as he handled MP Ananthkumar case very badly. His silence on Ananthkumar's rhetoric against Islam indicates that he is very soft to RSS/Saffron thugs.
The KPCC president should be without any ministerial portfolio and best candidate will be MLC Ugrappa. High command should take necessary steps and all vacant posts of Chairmanships and other to be filled with honest congressmen as soon as possible.
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