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.
ALSO READ: 2,900-tonne gold mine found in Sonbhadra, 4 times that of India's reserves
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.
Comments
Goons.....say something......she was not wearing a burka
showoff...who cares..!!
Show off....who cares..!!
BJP MLAs are playing in crores. where does this money come from. Income tax officers should raid this type of MLAs for right source of income. this is definitely from unlawful activities and illegal. MLAs are playing with crores whereas poor people are carrying dead bodies of their beloved on their shoulders and baby is dying on ones shoulder because Govt hospital did not provide him stretcher. What a shame. Its shameful to our public who select these types of goonda people to be Ministers only to get enriched.
What is her age?
Yes BJP MLA's are all coming in media for wrong reasons.. They themselves living in LUxury and never care for the poor of the country.
The road condition is not good enough for these imported cars....very expensive car.....fixing dent of car will require another one crore....rickshaw guy should be compensated with at least one crore....
everybody once will hit their new vehicle somewhere. why only targeting politicians all the way, if something did by congress, bjp will highlight. if bjp congress will blame. now a days media also doing the same thing, seriously alteast media should stop their saffron views. work for the development of the society provide true news to our people.
Add new comment