Government Will Allow Exploration Of India’s Largest Gold Reserve In Bihar

by Vaishalee Kalvankar
Government Will Allow Exploration Of India’s Largest Gold Reserve In Bihar

The Geological Survey of India indicates that there are gold reserves of around 222,88 million tonnes in the Jamui district of Bihar, including 27.6 tonnes of mineral-rich ore. A new bid to explore the “largest gold reserve in India” has been approved by the Nitish Kumar government in Bihar. Prahlad Joshi, the union mines minister, indicated in the Lok Sabha last year that Bihar holds the highest share of India’s gold reserve.

Gold Reserves In Jamui

For the exploration of gold reserves in Jamui, the State Mines and Geology Department is consulting with the National Mineral Development Corporation (NMDC) and GSI as well as other agencies involved in exploration. In the analysis of GSI findings, the presence of gold was found in Karmatia, Jhajha and Sono in the Jamui district which led to the consultation process. He added that the Bihar government is likely to sign a memorandum of understanding with a central agency or agencies in the next few weeks for G3 (preliminary) stage exploration, while G2 (general) exploration can also be conducted in certain places.

pic credit : Business today

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Bihar Has a Million Tonnes Of Ore

Previously, Prahlad Joshi said Bihar had 222.885 million tonnes of gold metal, which was 44 per cent of the country’s gold reserves. Approximately 500.8 million tonnes of gold ore are estimated to be available in India as of 1.4.2015, containing 654.74 tonnes of gold metal. Out of this amount, 222.885 million tonnes (44 per cent) come from Bihar, which consists of 37.6 tonnes of gold metal. 

Pic Credit : The Kashmir Walla

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First Published: May 31, 2022 11:40 AM