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HGML had an accumulated loss of ₹ 30 crores ($ 7.5 million) for the period 1995-2000 but made up this loss a bit by generating profits of ₹ 19 crores ($ 4.75 million) in the first nine months of 2001. It went back into red in the year 2002-2003 and was on the verge of closure before it bounced back
133:, HGML is one of the only two companies in India that produce gold by mining. It has gold ore reserves of about 31.02 million tonnes which could last for about 60 years and yield about 150.4 tonnes of gold.
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in 2001, it is one of the two companies in India which produce gold by mining and processing the gold ore, the other being
Manmohan Minerals Industries Pvt. Ltd. Owned by the
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According to a preliminary audit for 2011-12, the company has achieved a gross profit of ₹ 551.13 crores before tax by selling gold and wind power generated from the
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and thus revealed the native gold. The native gold was then subjected to cyanide leaching to produce pure gold. This method also produces other precious metals like
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Hutti Gold Unit: This consists of HGML's main mine located at Hutti and the satellite mines- Uti and
Hirabuddini, all of which are located in the
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which could be present in the sulphides. After repeated experimentations to come up with the optimal procedure, HGML constructed the first
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matrix. However, this method cannot be used to extract gold which is present in sulphides. HGML has made use of advanced technologies like
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These mines in total produce about 3 tonnes of gold a year. With the closure of the Bharat Gold Mines
Limited which had operations at
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to come up with a cheaper and efficient method to extract gold from sulphides. With the help of the
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157:, Bangalore, an extraction method was devised in which the sulphides were subjected to
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greenstone belt which contains both readily extractable native gold and gold-bearing
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Chitradurga Gold Unit: This consists of an open-cast mine located in
Ajjanahalli in
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wind plant. This is the biggest profit generated by the company in its history.
46:. It was first established as Hyderabad Gold Mines in 1947. With the closing of
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402:"Will it be gold rush again in Karnataka after Mines Act modification?"
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in the year 2004-2005 to post a profit of ₹ 48crores ($ 12 million).
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under optimal conditions. The bacteria dissolved the sulphides like
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The mines managed by HGML are mainly located in the Hutti-Muski
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is used by HGML to extract native gold which is present in a
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290:"Hutti Gold Mines becomes member of World Gold Council"
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and an exploratory underground mine at G. R. Halli in
62:. HGML mines gold from its main gold mine located in
479:Hutti gold mines records net profit of Rs. 188 cr
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324:Online webpage of the Press Information Bureau
320:"Gold Production during April-September, 2006"
268:Online webpage of the Press Information Bureau
30:) (HGML) is a company located in the state of
458:Online Edition of the Hindu, dated 2002-01-18
428:"Gold ore mining on 100 acres near Sira soon"
294:Online Edition of The Hindu, dated 2002-01-17
238:Online Edition of the Hindu, dated 2002-02-21
74:The Company's Corporate Office is located in
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454:"Hutti Gold Mines to upgrade milling plant"
102:. Hutti is an underground mine, Uti is an
350:Online webpage of the Department of Mines
106:while Hirabuddini is an exploratory mine.
16:Indian gold mining and production company
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195:The company may expand in the future.
352:. Government of India. Archived from
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507:Indian companies established in 1947
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94:. HGML consists of two gold units:
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234:"Biotechnology in gold extraction"
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376:"Hutti mines to revive gold hunt"
240:. 2002, The Hindu. Archived from
54:, HGML has two plants located in
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502:Gold mining companies of India
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497:Companies based in Karnataka
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296:. The Hindu. Archived from
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155:Indian Institute of Science
66:and other satellite mines.
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191:Exploration and expansion
168:Thiobacillus ferrooxidans
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28:(ರಾಯಚೂರು ಹಟ್ಟಿ ಚಿನ್ನದ ಗಣಿ
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20:Hutti Gold Mines Limited
187:in the middle of 2001.
52:Government of Karnataka
406:The New Indian Express
326:. Government of India
270:. Government of India
125:in Karnataka and at
115:Chitradurga district
512:Mining in Karnataka
382:. 16 September 2014
346:"Ministry of Mines"
244:on 20 December 2002
38:and engaged in the
434:. 20 December 2014
137:Extraction of gold
42:and production of
460:. 2002, The Hindu
356:on 23 August 2007
264:"HGML Gold Mines"
127:Chittoor district
123:Kolar Gold Fields
48:Kolar Gold Fields
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143:cyanide leaching
100:Raichur district
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517:Open-pit mines
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104:open-cast mine
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354:the original
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298:the original
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242:the original
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177:arsenopyrite
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209:Chitradurga
88:precambrian
60:Chitradurga
491:Categories
185:bioreactor
161:using the
159:oxidation
147:quartzite
92:sulphides
76:Bengaluru
70:Executive
32:Karnataka
464:2 August
438:30 April
412:30 April
386:30 April
360:1 August
330:1 August
304:1 August
274:2 August
248:2 August
199:Business
163:bacteria
24:Kannada
181:silver
173:pyrite
82:Mining
40:mining
215:Notes
64:Hutti
56:Hutti
36:India
466:2007
440:2023
414:2023
388:2023
362:2007
332:2007
306:2007
276:2007
250:2007
175:and
58:and
44:gold
129:in
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