What is the full form of K.G.F?

What is the full form of K.G.F?

 Why is KGF Closed?

The Kolar Gold mines were nationalized in 1956 and provided over 900 tonnes of gold in total. However, they were closed by the Indian Government on 28th February 2001 due to environmental reasons, wrong pricing policy and lack of investment in new exploration

Who is the Owner of KGF?

Under pressure from their investors, approached John Taylor and Sons, a company which brought the state of the art mining engineering to India. The arrival of these engineers from Norwich, England started the golden era of KGF.

Where is K.G.F (Kolar Gold Fields)?

The K.G.F (Kolar Gold Fields) is about 50 km from Bengaluru, Karnataka. Which is India's oldest gold mine. About 800 tonnes of gold have been extracted from here between 1900 and 2001. Gold production declined around 2001, so it was discontinued.

K.G.F (Kolar Gold Fields) is one of the deepest mines in the world. In the 1980s and 90s, it was excavated 3 kilometers deep from the earth's surface. There are now about 1,70,000 people living here. Those who are financially very poor.

Gold digging was first started here in the first century. Which lasted for several decades. It was the main source of income of the South rulers.

Is there still gold in KGF?

Yes, The KGF(Kolar Gold Fields), situated 100 km from Bangalore, is the second deepest mine in the world and has mined gold for over 121 years

How many chapters are there in KGF?

  •     7 chapters of KGF.

K.G.F Picture

kgf hd wallpaper
K.G.F HD wallpaper

History of K.G.F (Kolar Gold Fields)

The K.G.F (Kolar Gold Fields), located about 50 km from present-day Bengaluru in Karnataka, is probably the oldest gold reserves in India. Historical mentions suggest that gold has been excavated here at different times since the first century AD, including the Chola kingdom between 900 CE and 1000 CE and the Vijayanagar empire in the 16th century to the late 18th century King Tipu of Mysore. Includes the period up to the time of the Sultan. The rulers of South India received huge amounts of money from KGF(Kolar Gold Fields) for centuries.

It was one of the deepest mines in India, wherein the 1980s and 1990s, excavations were carried out 3 kilometers below the surface of the earth. Only a few mines in South Africa are deeper than this. In the last years of the 19th century, British mining company John Taylor undertook excavation work and installed electric power in the mine in the 1920s. At that time electricity was not available in most parts of South India. That company used to proudly claim that you can talk to John Taylor's London office directly from one kilometer deep in the earth.

Excavations at such high depth require special equipment. So KGF(Kolar Gold Fields) set the world's largest drum made in the 1940s in Manchester, England. Most machines installed by the John Taylor Group worked until the 1990s, however, they were 50 to 100 years old. It was, in a way, a show of respect for both the original manufacturers and the continued excellent maintenance of Bharat Mines.

The modern excavation period was from 1880 to 2001, 120 years. In 2001, the government company, Bharat Gold Mines Limited, ceased operations, because the value of gold obtained from digging every year was not even equal to the operating cost in any form. But the existence of KGF(Kolar Gold Fields) is not over yet.

In July 2010, the Supreme Court passed an order to resume gold-digging in India and allowed auction of mines including gold reserves. In 2016, the Narendra Modi government announced the auction of KGF (Kolar Gold Fields). Therefore it seems that the fate of the first electrified city of South India, which is now in the shape of a ghost town, may once again open.

During the British rule of 1864, when British officer Michel Afflebella came to know that there is a lot of gold mine here. So he told this thing to his elder officer. Due to which the British Government put John Taylor & Sons Company there to extract gold.

After this, Donald Robertson took the responsibility to increase the production of gold. For which he installed a gold mining machine. Now electricity was required to run the machine. So he had to set up a hydroelectric plant. To complete the power supply.

Due to which India became the first country to use hydroelectric plants as well as the second country in Asia which uses electricity. Earlier, Japan used electricity all over Asia.

Today, we know this hydroelectric plant as Kaveri Electric Power Plant. When electricity started to be produced from this plant. Which was excessive. Therefore, given its electricity to nearby cities. And Kolar became the first city in the country to get electricity.

Why the reopening of Kolar mine may reduce the burden on the country's pockets

The earliest evidence of the use of gold extracted from the mines of KGF(Kolar Gold Fields) is found in the two-thousand-year-old Mohenjodaro and Harappan culture. After this, the gold of KGF(Kolar Gold Fields) also became a decoration of the Gupta and Chola dynasties. Tipu Sultan and then the British rulers also extracted gold from the mines of KGF(Kolar Gold Fields). Now this mine which has been closed for many years is ready to reopen the Narendra Modi government.

K.G.F Picture

K.G.F Picture
K.G.F Picture

Gold production was stopped in 2001 in KGF(Kolar Gold Fields), about 100 km from Bangalore. There were many reasons for this. There was a big fall in the prices of this precious metal. Due to being the second deepest mine in the world, it was costing much to extract gold and the condition of the company running it was very bad. About 800 tons of gold was produced from this mine during the first century and a half before that.

In 1905, India was ranked sixth in the world in terms of gold production. Then the average annual production of gold was 19.5 tonnes.

Now the prices of gold have increased almost five times compared to then. They are also expected to grow further. Therefore, there is a plan to restart this mine. Some time ago the Karnataka High Court had also asked the Central Government to consider reviving it. After this, recently Mining Secretary Balwinder Kumar said that the government is planning to auction the KGF(Kolar Gold Fields) mine. This was followed by a statement from Citigold Corp, Australia's leading mining company, that it had joined hands with the Essel Group to bid for the KGF(Kolar Gold Fields) mine. At present, the mine is with the public sector Bharat Gold Mines Limited (BGML).

The modern history of the mines in KGF(Kolar Gold Fields) begins with the British firm John Taylor & Sons. In 1880, this engineering company was given a contract to extract gold from here. This was in a way the last attempt of the British Government because earlier many companies had failed to extract gold from here. John Taylor and Sons got the gold and with that, thse days of KGF(Kolar Gold Fields) started changing. Electricity came to the city in 1902 and then it was among the first Asian cities to get this facility. After the independence of India, these mines were nationalized in 1956.

In 1970, BGML took control of these mines. But after getting success in the beginning, due to many reasons, including heavy staff, the company's advantage decreased day by day.

In 1970, BGML took control of these mines. But after getting success in the beginning, due to many reasons, including heavy staff, the company's profit decreased day by day, and by 1989, the situation was that the company's debt rose to more than the value of its assets. Later it was declared a sick unit and its staff was reduced from 8800 to 3500 after retrenchment. But the matter did not work and in 2001 BGML stopped working. Since then, the employees have been fighting a court battle and the KGF(Kolar Gold Fields) spread over 13 thousand acres has become like a haunted town. But maybe now Raunak returns in it.

It is believed that there is still a lot of gold in KGF(Kolar Gold Fields). The opening of these mines is also important in the sense that some part of the increasing demand for gold in the country can be fulfilled by this as well. This will reduce the burden on the country's pockets. Gold consumption is the highest in India after China. Most of the 900 tonnes of gold consumed in India in 2015 has come through imports. That is, gold is a major reason for the payment imbalance for the country. Due to the import of gold, India's pocket has a burden of $ 35 billion, or about Rs 2.3 lakh crore every year. There may be a slight reduction in the burden on the resumption of production in the mines of KGF(Kolar Gold Fields).

In 1905, India was ranked sixth in the world in terms of gold production. Then on an average 19.5 tonnes of gold were produced here annually. By 2007, this figure was reduced to 2.5 tonnes and now it has come down to two tonnes. Today, India is nowhere in this world. This situation may change with the opening of the KGF(Kolar Gold Fields) mine.

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