The Union ministry of mines has handed 7 blocks of gold mining to the Karnataka government in a bid to consolidate the nations mineral security.
The G-4 stage blocks, which are primarily ready for mineral exploration after preliminary assessment, will be up for grabs and the will have to auction them to generate revenue.
The seven blocks of gold mining which have been identified are in Kakol and Sevanagar in Haveri district, Belaghatta and Katanahatti in Chitradurga district, Marutipur spread across Dharwad and Haveri districts, Kanivehalli located across Ballari and Davanagere districts and Mududi in Hassan district. According to GSI sources, the Union Government has allowed conducting an auction of mining activities in 220 sqkm of the potential mineral area including gold and limestone under the new MMDR amendments.