Bharat Gold Mines Ltd (PGML), a gold mine in Thangavayal, has decided to close down the mine permanently as there is no possibility of re-production in the gold mine. Consulted in 1980. However, with the help of a grant from the central government, the gold mining industry stumbled. Gold production at the gold mine was stopped on June 12, 2000. On March 1, 2001, gold production at the mine was unprofitable. Announced closure due to continued losses. On behalf of the unions, the case was taken up in the Karnataka High Court, followed by a case in the Supreme Court. On July 9, 2013, the Supreme Court allowed the global tender to be abandoned and start mining. So far no tender has been sought for resumption of the gold mining industry.PGML in Andhra Pradesh came from three mines owned by the mine; The state government withdrew the land lease. The gold mining lease expires in 2023. The gold mine is closed, closed. The Economic Affairs Committee of the Union Ministry has approved the permanent closure. Dissatisfaction has arisen that the issue of leaving the global tender is over.
Bharat Gold Mines Ltd., PGML in Thangavayal, has no chance of re-producing in the gold mine, so the Central Government has decided to close it permanently.
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