Banswara Confirms Third Gold Mine Discovery
Rajasthan's tribal-dominated Banswara district has once again confirmed a massive gold reserve. The latest discovery is in Kankaria village, located in the Ghatol region of the district. This new find is strengthening Banswara's reputation as a 'gold hub' in India. Geologists have found strong indications of potential gold ore deposits in a vast area of approximately 3 kilometers in Kankaria.
Estimated Reserves and Mining Prospects
According to geological assessments, the entire area spanning 940. 26 hectares is estimated to contain 113. 52 million tons of gold ore, with an estimated gold metal content of 222. 39 tons – a significant quantity. On top of that, the Kankaria-Gara area, covering 205 hectares, shows potential for 1, while 24 million tons of gold ore. Mining operations are expected to commence soon after the issuance of the mining license. Prior to this, gold mines had already been confirmed in Jagpuriya and Bhukia, also in Banswara's Ghatol region.
Past Tenders and Future Economic Impact
Previously, the auction process for the Bhukia-Jagpura mining block was cancelled due to a firm's failure to deposit the earnest money. The government has now re-issued tenders for these blocks, with. Bids closing on October 14 and opening on November 3. The firm offering the highest revenue share to the government will be granted the mining license. Apart from gold, several other co-minerals will also be extracted from these mines, while
Job Creation and National Significance
With the commencement of gold mining in Banswara, Rajasthan will join the select four states in India where gold mining takes place. It's estimated that in the coming years, this district could potentially supply up to 25% of the country's total gold demand, while the initiation of gold mining is expected to attract new investments in various industries such as electronics, petroleum, petrochemicals, batteries, and airbags, leading to unprecedented direct and indirect employment opportunities, greatly benefiting local youth.
