Hatti Gold Mines Limited (HGML)
Hatti Gold Mines Limited (Kannada: ಹಟ್ಟಿ ಚಿನ್ನದ ಗಣಿ) (HGML) is a company located in the state of Karnataka, India and engaged in the mining and production of gold. This was first established as Hyderabad Gold Mines in 1947. With the closing of Kolar Gold Fields in 2001, this is the one of the two companies in India which produce gold by mining and processing the gold ore, the other being Manmohan Minerals Industries Pvt. Ltd. Owned by the Government of Karnataka, HGML has two plants located in Hutti and Chitradurga. HGML mines gold from its main gold mine located in Hutti and other satellite mines.
Mining
The mines managed by HGML are mainly located in the Hutti-Muski precambrian greenstone belt which contains both readily extractable native gold and gold-bearing sulphides. HGML consists of two gold units:
Hutti Gold Unit: This consists of HGML’s main mine located at Hutti and the satellite mines- Uti and Hirabuddini, all of which are located in the Raichur district. Hutti is an underground mine, Uti is an open-cast mine while Hirabuddini is an exploratory mine.
Chitradurga Gold Unit: This consists of an open-cast mine located in Ajjanahalli in Tumkur district and an exploratory underground mine at G. R. Halli in Chitradurga district.
These mines in total produce about 3 tonnes of gold a year. With the closure of the Bharat Gold Mines Limited which had operations at Kolar Gold Fields in Karnataka and at Chittoor district in Andhra Pradesh, HGML is one of the only two companies in India that produce gold by mining. It 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.
Business
HGML had an accumulated loss of ₹30 crores ($7.5 million) for the period 1995-2000 but made up this loss a bit by generating profits of ₹19 crores ($4.75 million) in the first nine months of 2001. It went back into red in the year 2002-2003 and was on the verge of closure before it bounced back in the year 2004-2005 to post a profit of ₹48 crores ($12 million).
According to a preliminary audit for 2011-12, the company has achieved a gross profit of ₹551.13 crores before tax by selling gold and wind power generated from the Chitradurga wind plant. This is the biggest profit generated by the company in its history.
Source: https://en.wikipedia.org/wiki/Hutti_Gold_Mines_Limited
How to Reach?
How to Reach?
Raichur is a district in the Karnataka state of India. Raichur is also called as Raayachooru. The district is located in between the two rivers Krishna and Tungabhadra. Earlier it was the ruled by the nizam of Hyderabad. Raichur is known for being a historical town that is rich in its cultural heritage. The total geographical area of the district is about 14,013 square kilometers. The total population of Raichur is about 205,634 as of 2001 census. The official language of the district is Kannada. Other major languages that are spoken by the local people are Telugu, Urdu, and Hindi.
By Train:
You can easily get regular trains to Raichur from other major cities of the country.
Station: Raichur (RC)
Raichur 183 km away from Hyderabad, Andhra Pradesh
Raichur 390 km away from Bangalore, Karnataka
Raichur 380 km away from Hubli, Karnataka
There is/are 20 direct train(s) from Bangalore to Raichur. These train(s) is/are Bidr Ypr Exp (16572), Sur Ypr Sup Exp (22133), Karnataka Exp (12628), Basava Express (17308), Gkp Ypr Express (12591) etc. The minimum time a train takes to reach Bangalore from Raichur is 6h 49m. The fastest way to reach Bangalore from Raichur takes you 6h 49m, which is to take Bidr Ypr Exp from Raichur to Bangalore.The cheapest way to reach Bangalore from Raichur takes you 6h 49m, which is to take Bidr Ypr Exp from Raichur to Bangalore.
By Bus:
There are regular buses from other major cities of the country to Raichur.
Raichur 183 km away from Hyderabad, Andhra Pradesh
Raichur 415 km away from Bangalore, Karnataka
Raichur 323 km away from Hubli, Karnataka
You can reach Raichur from any nearby city (or even village) by bus. Karnataka State Road Transport Corporation (KSRTC) provides bus services that connect Raichur to many cities and villages. Apart from the state-run buses, there are many private operators such as SRS Travels and VRL Travels which run buses to and from Raichur. Buses between Hyderabad and Raichur or Bangalore and Raichur are easily available.
By Flight:
Raichur does not have an airport. Nearest airport is Rajiv Gandhi International Airport.
Raichur 183 km away from Rajiv Gandhi International Airport (HYD), Hyderabad, Andhra Pradesh.
Raichur 256 km away from Hubli Airport (HBX), Hubli, Karnataka.
The nearest major airport to Raichur is the Rajiv Gandhi International Airport in Hyderabad with flight connectivity by several airlines such as Air India, IndiGo, Jet Airways, and SpiceJet to all major domestic locations such as Ahmedabad, Bhubaneswar, Kolkata. An alternative option is the Hubli Airport in Karnataka which has flights operated by Air Pegasus flying to and from Bangalore. Taxis and buses available from the airports serve to be an easy option to reach Raichur.
Source: https://www.yatra.com/india-tourism/raichur/how-to-reach