Hutti Gold Mines Limited Mining Practices and Challenges

Hutti Gold Mines Limited is a major gold mining company in India. It has been operational since 1989.

The company's mining practices are a key aspect of its operations. Hutti Gold Mines Limited uses a combination of open cast and underground mining methods to extract gold ore.

One of the challenges the company faces is the environmental impact of its mining activities. The company has been working to minimize its environmental footprint by implementing sustainable practices.

Hutti Gold Mines Limited has a robust safety and health management system in place to ensure the well-being of its employees.

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Hutti Gold Mines Limited has two gold units: Hutti Gold Unit and Chitradurga Gold Unit. The Hutti Gold Unit consists of the main mine at Hutti, the satellite mine at Uti, and the exploratory mine at Hirabuddini.

The Hutti Gold Unit is an underground mine, while the Uti mine is an open-cast mine. The Chitradurga Gold Unit, on the other hand, has an open-cast mine at Ajjanahalli and an exploratory underground mine at G. R. Halli.

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These mines produce about 3 tonnes of gold a year. The company has gold ore reserves of about 31.02 million tonnes, which could last for about 60 years and yield about 150.4 tonnes of gold.

Hutti Gold Mines can produce 17,625kg of gold in the coming years, with the Cabinet approving the proposal to deepen the existing 187.60-metre depth of the main shaft by 190.90m.

The estimated cost of the project is Rs 175.73 crore, which includes Rs 130.45 crore towards capital expenditure and Rs 45.28 crore towards On-Lode Mine Development.

Here's a breakdown of the proposed project:

Hutti Gold Mines Limited has had its fair share of ups and downs in the business world. The company had an accumulated loss of ₹ 30 crores ($7.5 million) for the period 1995-2000.

However, the company managed to bounce back and made a profit of ₹ 48 crores ($12 million) in the year 2004-2005. This was the biggest profit generated by the company in its history, with a gross profit of ₹ 551.13 crores before tax.

The company's fortunes looked up again in 2011-12, when it achieved a gross profit of ₹ 551.13 crores before tax. This was a significant milestone for the company, and it showed that it was on the right track.

In 2020, the company proposed to deepen the existing 187.60-metre depth of the main shaft by 190.90m, making the total depth 378.5m. This move was expected to give access to 75,000 tonnes of ore during the implementation stage of work.

According to estimates, the production of incidental ore from mine development would give HGML a profit of Rs 76.67 crore (Rs 4350 per gm of gold).

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A worker lost his life in a tragic incident at the Hutti Gold Mines. Mounesh, a 50-year-old native of Hutti village, was killed on the spot.

Five workers, including Budiappa, Hanumantharaya, Shivaraj, Rangaswamy, and Parashuram, were injured in the cave-in.

The injured workers were rushed to nearby hospitals for treatment. Budiappa and Rangaswamy were referred to Bengaluru, Hanumantharaya to Belagavi, and the remaining two to Lingsugur.

The Hutti Gold Mines Company Limited Chairman, J.T. Patil, visited the scene and handed over a compensation cheque for ₹32.98 lakh and an appointment letter to the deceased worker's family.

The Hutti Gold Mines Board has promised an ex-gratia amount of ₹5 lakh to the family, considering their background.

Labour organisations have demanded ₹50 lakh compensation for the aggrieved family.

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The Hutti Gold Mines Limited is situated in the Hutti Maski Greenstone belt, one of the most important Archaean gold bearing belts in India.

This belt is remarkably similar to the classic Archaean Superior Craton in Canada, the Yilgarn Craton in Western Australia, and the Kolar greenstone belt in India.

The Hutti Gold Mine has produced about 2 million ounces of gold, and remaining ore reserves are estimated to be 9.25 million tonnes of ore grading 5.62g/t up to 841 metres depth.

The Hutti belt hosts world-class gold deposits, including the Hutti Gold deposit, which is being mined by The Hutti Gold Mines Limited.

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Gold mining activity in the belt has been known since pre-Ashokan time, about 3000 years ago, with modern gold mining commencing in the Hutti area around 1947.

Exploration was carried out by under two Reconnaissance exploration Licences (RPs) covering a total area of 851 sq. km of the most prospective part of the Hutti belt.

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