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.
Comments
just sentence him to death.. this kind of morons are evil for society. he was earning handsome salary of 40k+ riyals and braking against muslims/islam. if he work in india as engineer he wont get even10k indian rupees. whoever do this kind of hatred againt other religion whether muslim, hindu or christian he deserve death only.
Its every one's duty to respect the laws of the country where we live. Being expatriate in Saudi Arabia we should be more careful on the issue. You might be follower of enemies of islam in India, but you cannot do it in Saudi Arabia or Gulf countries. You mihgt have been brainwashed in india but anti national and anti muslim political parties, who are trying to make use of you to spread hate among different communities for their political benefit. At last you will be the one to suffer. No political for whom you are working will not come to support you and they will say you are not related to their party and there is no connection between you and the party. dont get fooled by these hate political parties. I am sorry for the fate of this unfortunate person and hope he will be freed at the earliest possible. This is good lesson for all hate mongers in Saudi Arabia. Dont bring your dirty politics to saudi arab ia. People from all religion are living peacefully here. They eat together and live together as one family.
Maron is arrested, let him learn his mistake for his hatrate,
indian political people make innocent people to reach and this is what the end result but the political people are living happly with all facility only ch**tya citizen of india is fooled all time.
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