Economy
Deccan Gold Mines Ltd (DGML), the first gold exploration company listed on the BSE, has announced that full-scale production at the country’s first major private gold mine in Jonnagiri, Andhra Pradesh, will begin soon. The project is being developed through DGML’s stake in Geomysore Services India Ltd.
This development is significant as India, the world’s second-largest importer of gold after oil, imports nearly 1,000 tonnes annually. The mine’s operation is expected to reduce dependence on imports and strengthen the domestic gold supply chain.
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