Heritage of Gold mining in India and its business strategies

Indian gold reserves and coffers are concentrated in Karnataka and Rajasthan. The maturity of these reserves is located in the state of Karnataka and account for 88 of the aggregate; a farther 12 are positioned in Andhra Pradesh and an insignificant quantum (lower than0.1 t) is set up in Jharkhand.  India has a rich heritage of gold mining, albeit on a small scale. The geology of the Indian Peninsula (South of the Himalayas) is generally made up of four Archaean cratons, Proterozoic belts, and sedimentary basins alongside the important youngish basalts of the Deccan traps. The Dharwar craton, in the south of India, is the most significant geological conformation for gold mineralisation, with lower circumstances also linked in the other Archaean cratons and Proterozoic units in the country.

Gold mining

Gold mining in India dates back to the first renaissance BC and throughout the twentieth century was dominated by the Kolar Gold Field, near Bangalore. The field is hosted within the Kolar Greenstone Belt, a 3- 6 km wide by 80 km long band of greenstone geology – a terrain  analogous to that which hosts  numerous of the world’s most significant gold discoveries. The Belt generally lies along the southeast edge of the state of Karnataka, but also under corridor of Andhra Pradesh and Tamil Nadu.