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The full-scale production of the country s first large private gold mine in Andhra Pradesh will begin by the end of next year, said Deccan Gold Mines Ltd Managing Director Hanuma Prasad.
Deccan Gold Mines Ltd is set to begin full-scale production at its Jonnagiri gold project in Andhra Pradesh by the end of next year. The mine, which is the country s first large private gold mine, is expected to produce about 750 kilograms of gold per year. The company has invested around Rs 200 crore in the project so far and is currently producing about one kilogram of gold per month.