Gold Found in Rajasthan: India’s Fourth Gold-Producing State

JAIPUR, (IANS) – After Karnataka, Andhra Pradesh, and Jharkhand, Rajasthan has become the fourth state in India to yield gold, confirmed officials on June 25.

According to geologists, an initial assessment of 113.52 million tons of gold ore has been done in an area of 940.26 hectares in Banswara.

The amount of gold is estimated to be 222.39 tons.

Further, 1.24 million tons of precious metal ore is expected to be extracted from a 205-hectare area in Kankaria Gara. Other minerals will also come out along with the yellow metal from these mines.

Gold mining in Banswara District is likely to generate unprecedented opportunities for direct and indirect employment along with new investments in several industries including electronics, petroleum, petrochemicals, batteries, air bags etc., said officials.

The license for the block has been given to Ratlam based Syed Owais Ali firm.

Five companies are competing for the composite license of the second block, that is Kankaria Gara.