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Home States / UT East

Odisha Strikes Gold, Plans Commercialization; Forays Big in Aluminum with Vedanta

By: Editorial Desk

by Editorial Desk
April 1, 2025
in East, Featured, Governance, Industry, States / UT
Reading Time: 2 mins read
Odisha discovers major gold and aluminum reserves! Explore new gold mine auctions, Vedanta's aluminum park, and job creation.

Odisha discovers major gold and aluminum reserves! Explore new gold mine auctions, Vedanta's aluminum park, and job creation.

Summarize with:

Bhubaneswar: Odisha, long known for its mineral wealth, has recently seen significant discoveries of both gold and aluminum.

Recently, significant gold reserves have been discovered in many districts of Odisha. The results were confirmed by Bibhuti Jena, State Mines Minister. The government now even plans a huge gold mine auction, too.

Districts like Sundargarh, Nabarangpur, Keonjhar, Mayurbhanj and Deogarh have been found to have gold reserves. Exploration and research are still continuing in districts like Malkangiri, Sambalpur and Boudh.

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Adasa-Rampalli in the Deogarh district is an important discovery where GSI is currently conducting G-2 level exploration for both gold and copper.

Gopur-Gazipur, Mankadchuan, Saleikana and Dimirimunda are the main locations for drilling operations in Keonjhar. Kashipur, Suriaguda, Ruaansi, Idelkucha, Maredihi, Suleipat and Badampahad are the potential gold spots in Mayurbhanj.

Odisha Mining Corporation, GSI and the Odisha government are setting up a technical committee to assess the viability of the discovered gold deposits. Commercialization will start with the auction of gold mines.

The aluminium foray will be through the private route though. Vedanta is investing Rs 1000 crore to set up a modern aluminum park in Jhasuguda close to the aluminium smelter and an aluminum plant in the Rayagada district.

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The park will span 253 acres and attract 100+ MSMEs, generating 200,000 employment. The Rayagada plant will have a three million tonnes per annum capacity

Also read –

Odisha Launches Antyodaya Gruha Yojana in Kalahandi, Aligned with Bikashita Gaon, Bikashita Odisha

Summarize with:

Tags: Gold and aluminum reservesMineral Exploration OdishaOdisha Aluminum ParkOdisha Gold DiscoveriesOdisha Mineral ResourcesOdisha miningOdisha Mining CorporationVedanta Odisha
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  • Cabinet Approves Rs 1,856 Cr Khelo India Sports Goods Scheme to Boost Manufacturing and ExportsCabinet Approves Rs 1,856 Cr Khelo India Sports Goods Scheme to Boost Manufacturing and Exports
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  • Cabinet Approves Rs 1,856 Cr Khelo India Sports Goods Scheme to Boost Manufacturing and ExportsCabinet Approves Rs 1,856 Cr Khelo India Sports Goods Scheme to Boost Manufacturing and Exports
  • Hyundai Motor India Q2 Results: Stan Net Profit Falls 24% to Rs 11,962 Crore, Revenue Rises 19%Hyundai Motor India Q2 Results: Stan Net Profit Falls 24% to Rs 11,962 Crore, Revenue Rises 19%
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  • IBM Names Santosh Kumar India South Asia Growth Marketing HeadIBM Names Santosh Kumar India South Asia Growth Marketing Head

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