Parliamentary Panel Urges Faster Monetisation of Bharat Gold Mines Tailings Dumps

A parliamentary committee has urged the mines ministry to accelerate the monetisation of approximately 33 million tonnes of gold-rich tailings dumps at Bharat Gold Mines Ltd (BGML) in Kolar Gold Fields, Karnataka. BGML, a public sector unit closed since 2001, holds tailings containing recoverable gold and other precious metals. The 2026-27 budget allocates Rs 8.75 crore for its maintenance. While a 2006 Cabinet decision to dispose of BGML assets via global tender was not implemented, the government is currently exploring viable options for the site.