Bharat Gold Mines Limited



Company Name : Bharat Gold Mines Limited
Category : Public
Industry : mining
Founded : 1972
Headquarters : Karnataka
Product : gold
Website : http://www.kolargold.com.au/
Company Email : Not Mentioned
Facebook Url : https://www.facebook.com/public/Kolar-Gold-Fields
Twitter Url : Not Mentioned
Address : Suvarna Bhavan, Oorgaum P.O, Kolar Gold Field

Company Description

The Bharat Gold Mines Limited is a PSU under the administrative control of the Ministry of Mines and is now closed. It was set up in 1972 to operate the Kolar Gold Mines taken over by the central government from the government of Mysore. It was primarily engaged in gold mining from its captive mines in the Kolar Gold Fields (KGF) located mainly in Karnataka but partly also in Andhra Pradesh.

Towards its last years the company also undertook mine development, shaft sinking, manufacture of mining machinery and other fabricated items for outside clients for which it set up a Mine Construction and Engineering Division. Until the time of its closure, BGML was the only world-class gold mining operation in India. The only other gold mine in the country, viz. the Hutti Gold Mine owned by the Karnataka government, is a minuscule operation and is not recognized as a proper gold mine by world standards.

Bharat Gold Mines Limited (BGML) is a gold mining company located in Kolar Gold Fields (KGF) in the state of Karnataka, India. It was established in 1972 and is the only company in India that mines gold. BGML is a public sector undertaking (PSU) of the Government of India and is controlled by the Ministry of Mines.

The company operates two underground mines, Bharat and Mysore, as well as a gold refining unit. The mines have a combined production capacity of about 3.5 tonnes of gold per annum. The gold produced by BGML is of 22 carat purity, which is the highest standard of gold available in the Indian market.

BGML has been a major contributor to the Indian economy, contributing to the development of the local economy and providing employment to thousands of people. It has also been instrumental in the development of the Kolar Gold Fields, which is now a major tourist destination in Karnataka.

BGML has also been a major contributor to the Indian gold industry. It is the only gold mining company in India and has been instrumental in the development of the gold industry in India. It has also been involved in the exploration and production of other minerals, such as copper, iron ore and uranium.

BGML has been an important part of the Indian gold industry and has been instrumental in helping the industry grow and develop. It is a major player in the gold industry and has been a major contributor to the Indian economy.

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