Deccan Gold Mines Ltd. , India's pioneering listed gold exploration company, is set to make history with its Altyn Tor Gold Project in Kyrgyzstan. The company's Managing Director, Dr. Hanuma Prasad Modali, recently met with Kyrgyz Ambassador H.E. Mr. Askar Beshimov in Chennai, underscoring the project's significance in strengthening bilateral economic ties.

A Milestone in Cross-Border Mining

The Altyn Tor Gold Project, scheduled to commence production in October 2025, marks a significant milestone as the first overseas mining investment by an Indian company in Kyrgyzstan. This venture aligns with India's Atmanirbhar Bharat vision, aimed at securing critical mineral resources and expanding India's global footprint in the mining sector.

Project Details and Economic Impact

Located in Kyrgyzstan's mineral-rich Soltan Sary zone, the Altyn Tor deposit boasts an estimated resource of 4.65 million tonnes, grading 1.21 g/t Au for 180 koz. Deccan Gold Mines, through its investment in Avelum Partner, is developing the project into a world-class mining operation, with Dore bar production expected to begin in October 2025.

Strengthening Bilateral Relations

Dr. Hanuma Prasad Modali emphasized the project's broader implications, stating, "The Altyn Tor project represents more than a milestone for Deccan Gold - it reflects India's ability to shape the future of global mining while deepening our partnership with Kyrgyzstan."

Ambassador Beshimov echoed this sentiment, highlighting the project's role in fostering cooperation between the two nations. "The Altyn Tor project is a testament to the opportunities that exist for cooperation in mining, critical minerals, and broader economic engagement," he remarked.

Sustainable and Responsible Mining

Deccan Gold Mines Ltd. is committed to sustainable and transparent development practices. The company aims to demonstrate that ethical mining, cross-border collaboration, and long-term value creation can coexist harmoniously.

Looking Ahead

As the Altyn Tor project nears production, it stands as a symbol of the growing alignment between India and Kyrgyzstan in trade, investment, and resource development. This partnership is expected to contribute significantly to both countries' economic progress and resource security.

The success of this venture could pave the way for more Indian companies to explore international mining opportunities, further strengthening India's position in the global mineral resource market while fostering mutually beneficial international partnerships.

Deccan Gold Mines , a prominent player in India's mining sector, is on the brink of a significant milestone as it prepares to launch full production at what is being hailed as India's first major private gold mine. The mine, strategically located in the mineral-rich state of Andhra Pradesh, represents a groundbreaking development in the country's gold mining industry.

Production Commencement

According to a top official from Deccan Gold Mines, the company is gearing up to commence full-scale production operations at the Andhra Pradesh site. This move marks a crucial step forward not only for the company but also for India's private sector involvement in gold mining.

Significance of the Project

The initiation of full production at this mine is particularly noteworthy for several reasons:

1. Private Sector Milestone: As India's first major private gold mine, this project signifies a shift in the country's mining landscape, potentially paving the way for increased private sector participation in the gold mining industry.

2. Boost to Domestic Gold Production: With India being one of the world's largest consumers of gold, the commencement of production at this mine could contribute to reducing the country's reliance on gold imports.

3. Economic Impact: The mine's operations are expected to have a positive economic impact on the region, potentially creating jobs and contributing to local development.

Looking Ahead

As Deccan Gold Mines prepares to transition into full production mode, industry observers will be keenly watching the mine's performance and its potential impact on India's gold mining sector. The success of this venture could set a precedent for future private investments in gold exploration and mining across the country.

While specific production targets and timelines have not been disclosed, the company's move towards full production suggests confidence in the mine's potential and readiness of operations.

Stakeholders in the mining industry and investors alike will be monitoring Deccan Gold Mines' progress as it embarks on this significant phase of its operations in Andhra Pradesh.