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HGML - The only Gold Mining Company in India

 

 

 

Hutti Gold Mines Company Limited (HGML), Government of Karnataka Undertaking (Established in 1947 as Hyderabad Gold Mines), has the unique distinction of being the only producer of primary gold in the country. HGML has been active in the exploration, development and exploitation of gold deposits occurring in Karnataka. The Company's Corporate Office is situated in Bangalore and it operates two units-The Hutti Gold unit (HGU) in Raichur district and the Chitradurga Gold Unit (CGU) in Chitradurga district with an operating mine at Ajjanahalli (Tumkur District).

HGU and CGU are fully integrated units, with capacities to produce 6,00,000 TPA and 2,61,000 TPA of ore respectively. The HGML currently processes the ore from Hutti Mine and two satellite mines at Uti (opencast) and Hira-Buddinni (Exploratory underground mine).

Vision & Mission

To become one of the most vibrant, self reliant, financially viable and steady growth oriented organization. The corporate mission is:

  • Mine with a human face.
  • Achieve Operational, Financial and Social objectives.
  • Achieve a minimum of 20 percent return on equity to the shareholders.
  • Improve productivity and profitability.
  • Have cost management control and reduction.
  • Provide long term financial stability.
  • Generate internal resources for steady growth of 10 percent in production.
  • Register steady growth in terms of percent of capacity utilization, production, income and profitability.
  • Innovative methods of production.
  • Introduction of modern and effective management control systems.
  • Promote harmonious and cordial relationships.
  • Promote welfare and community development in Hutti village.
  • Have environment friendly and healthy mining and production process.
  • Have good health and well being of workers, staff and employees.

 

 

 

 

 

 

 

 

 

 

 

 

 

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