Deccan Gold Mines’ (DGML) wholly owned subsidiary -- Deccan Exploration Services (DESPL) -- has reached an agreement with the farmers on the issue of land acquisition and an initial advance therefor payable directly to the fanners at the rate of Rs 40,000 per acre on a pro rata basis.
Karnataka Industrial Area Development Board (KIADB) would be facilitating the land acquisition process on behalf of DESPL. The company will make payment of 40% of the acquisition cost of 200 acres of land for the proposed mine, processing plant and infrastructure at Ganajur aggregating Rs 6.82 crore to KIADB.
DGML has been actively engaged in the exploration for gold in some of the most promising gold mineralized blocks in India. It has been successful in identifying several smaller potential gold-bearing zones within these blocks, worthy of detailed investigation
