Andhra Pradesh Chief Minister N. Chandrababu Naidu officially inaugurated a major private-sector gold mining and processing facility at Jonnagiri in Tuggali Mandal, Kurnool district.
Developed by Geo Mysore Services India Private Limited and Deccan Gold Mines Limited with an investment of ₹405 crore, the project successfully completed trial runs to transition into commercial operations.
Highlighting the long-term growth planned for the site, the Chief Minister followed up the formal launch of the first unit by laying the foundation stone for a second facility alongside state ministers Kollu Ravindra, Nimmala Ramanaidu, and TG Bharat.
The extensive project spans a total allotted area of 1,500 acres, with active mining operations initially starting across 600 acres in its first development phase. To support processing logistics, the host village Jonnagiri was symbolically renamed “Swarnagiri” by the state cabinet.
Additionally, an 18-kilometer pipeline infrastructure has been constructed to draw roughly 0.021 TMC of water from the regional Handri Neeva Sujala Sravanthi water scheme, fulfilling the plant’s massive industrial requirements sustainably.
Industry projections indicate that the Jonnagiri site will produce an estimated 400 kilograms of gold within its first financial year (2026-27), with output scaling up to 900 kilograms annually in the second year.
This production will provide a major boost to the state treasury through a fixed four percent royalty, while simultaneously serving as an economic catalyst for the local community by creating direct employment for hundreds of rural residents.
APలో Gold Miningకి గ్రీన్ సిగ్నల్
Jonnagiri ప్రాజెక్టును ప్రారంభించిన Chandrababu.@ncbn pic.twitter.com/c4QmfUvyMO
— M9 NEWS (@M9News_) June 24, 2026
