Deccan Gold Plans Rs. 225-crore Processing Plant in Karnataka

The Economic Times, 7 July 2011

Deccan Gold Mines, the first private sector gold – exploration company, is readying plans to set up a gold- processing plant in central Karnataka at an investment of up to $50 million (about RS 225 crore). The move comes when the price of gold, seen as a safe-haven investment, has been soaring with the global economic uncertainties. Deccan Gold, which is awaiting final clearances from the central and state authorities, hopes to be able to build a 2.000 tonne-a-day processing plant at Ganajur (Haveri district) in Karnataka and get it operational in the next 18 months. The company has already commissioned SRK Mining Services as consultants to take up a feasibility study on the economics of the project.

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