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Why In The News?
Key Points:
=> The mines, owned by Bharat Gold Mines Ltd. (BGML), are set for revival under the Mines and Minerals Development and Regulation Act, 1957.
=> The move aims to generate employment and boost domestic gold production.
=> KGF is among the deepest in the world. Mining at KGF began in 1880 by Jhon Taylor & Sons.
=> After 121 years of operation, the mines closed on February 28, 2001, due to high operational costs and low revenues.
=> Besides gold extraction, KGF has been utilized for particle physics experiments, leading to the discovery of atmospheric neutrinos.
Currently, India operates three gold mines:
By: ASRAF UDDIN AHMED ProfileResourcesReport error
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