SCCL to explore gold, copper deposits in Karnataka, signs agreement
The Singareni Collieries Company Limited (SCCL) has signed an agreement with the Karnataka government to explore gold and copper deposits in the Devadurga Block. This marks the first time the state-owned coal company has expanded its mineral exploration activities outside of Telangana.
Why it matters
The expansion of a major state-owned coal entity into precious metal exploration signals a strategic diversification of India's public sector mining operations.
The Singareni Collieries Company Limited (SCCL) has taken another significant step towards exploring gold and copper deposits in the Devadurga Block, spread across Raichur and Yadgir districts of Karnataka, by signing an agreement with the Karnataka Department of Mines & Geology (DMG) to formally commence exploration activities.
According to an SCCL press release, the company had earlier secured the exploration licence for the block through the Government of India’s mineral auction process. The agreement was signed in Bengaluru on Thursday by Karnataka DMG Director Rangappa, and SCCL Director (Projects & Planning) K. Venkateshwarlu.
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