At the AMCA defense foundation ceremony on Friday, Andhra Pradesh Chief Minister Chandrababu Naidu dropped a massive statement: “Once gold meant KGF, now it signifies JGF, the Jonnagiri Gold Fields.” With commercial production set to launch this June, Naidu announced a targeted domestic output of 600 kilograms of gold for this year alone, scaling up to a massive 1,500 kilograms by next year.
This is an absolute game-changer for India’s economic sovereignty. For decades, India has been heavily reliant on foreign imports, shipping in over 800 tonnes of gold annually and draining crucial forex reserves. Spanning nearly 600 hectares across Jonnagiri, Yerragudi, and Pagidirai villages in Kurnool, this ₹400-crore venture marks India’s very first large-scale private gold mining project since Independence. It’s a direct injection of heavy industrial momentum into a traditionally drought-prone belt.
The sheer math behind JGF proves it isn’t just political hyperbole. Backed by Geomysore Services and Thriveni Earthmovers, the site boasts certified reserves of 13.1 tonnes of gold, with a potential upside reaching up to 42 tonnes. By bringing advanced Carbon-in-Leach extraction processing to Kurnool, the project is ready to alter the state’s industrial fabric, generating thousands of high-skilled jobs and providing extensive local infrastructure upgrades.
