<h2>Introduction</h2>

<p>In the present day, the value of gold is indeed significant to boost your financial condition. Most people often don&rsquo;t have proper knowledge about <strong>How to Sell Scrap Gold</strong>. The Hutti gold mines are located at a distance of 65 K.M. long region and are famous for the Hutti-Maski greenstone Archaean metavolcanic rock structure. Like the other gold mines in India, it also has a unique history of its own. The Hutti mine has been one of the most ancient gold mines globally and its history dates back to the Pre-Ashokan period.</p>

<h2>The ancient history of Hutti Mines</h2>

<p>After the mine started its mining operation, the ancient miners started mining gold at depths between 35m and 190m. In 1980, the depth of mining was 640 ft., underground. The Hutti Mines are famous as the deepest ancient mines globally. <em>There are historical shreds of evidence of the ancient mining activities done by a fire set in the mines. The workers used to lit fires while mining under the depth of the mines</em>. The carbon dating test of the old timber is proof regarding mining activity that is more than 1900 hundred years old. The mines were famous for general metallurgy including, crushing, grinding, and gravity separation for recovering gold. The advanced ways of mining gold were adopted by the ancient Indians.</p>

<h2>The decline of the glory of the past days of Hutti Mines</h2>

<p>The gold mining industry of the Hutti Mines subsequently declined. The mining industry eventually lost its glory between 500 A.D to 600 A.D because of the demolishment of the slavery system in India. Even if the glory was lost the mining was still in process with limited numbers of workers under the ancient rulers.</p>

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<h2>The recovery of the mines</h2>

<p>The Hyderabad or Deccan Company re-discovered several lost goldfields in the Hutti belt after 1880. Again, a mine was set up in Hutti in the Hyderabad state. The Nizams of Hyderabad were the patronizers of the gold mining industry in Hutti. The Company started operation of gold mining up to the depth of 1056m. The amount of gold production reached 7.40 tonnes of gold from about 0.38 million tonnes of ore comprising an average grade of 19.48 g/t. The rulers also reformed several systems of gold mining.<span style="background-color:#AFEEEE"> The mines were closed again in 1920 because of a lack of funds and permission from the authority. The break out of the World War was also responsible for the crisis in the gold mining industry in India.</span></p>

<h2>Gold mining at Hutti Mines after independence</h2>

<p>In 1947 India got its Independence from British rule. It was not only a significant part of the growth of the country but also the gold mining industry of Hutti gain got a boom. After the independence, Hutty Mines recovered its lost glory. Gold mining again started under the Nizam&rsquo;s rule. The major mining company was known as <a href="https://huttigold.karnataka.gov.in/english" rel="noindex,nofollow" target="_blank">Hyderabad Gold Mines Company Limited.</a></p>

<p>After the formation of states in 1956, there was again a change in the control of Hutti Mines. The controlling power of the Hutti Mines was shifted to Karnataka from Hyderabad. Karnataka was known as Mysore at that time. <u>The Hutti Gold Mines Company Limited (HGML) was given the charge for mining by the Government of India.</u></p>

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<h2>Latest achievements of Hutti Mines</h2>

<p><span style="background-color:#AFEEEE">Hutti Gold Mines Limited has become one of the leading gold-producing companies globally. It has also achieved the landmark of becoming the 40th member of the World Gold Council on 1st January 2002. Moreover, HGML has also become the first Indian company to become a member of the Council.</span></p>

<p>The Hutti Mines take a target of operating both private and institutional ownership of gold and gold products. In 2011-12 HGML created the record in processing 5.66 lakh tonnes of ore and extracting miore than 2181 kg of gold. Currently, the mining is done at the depth of 2600 ft. The current extraction is about 1500 tonnes of ore every day and the production of gold is around 7-8 kg. Thus it has become one of the leading gold mining industries to boose the gold industry and scrap gold price in India.</p>

<p><u><strong>Also Read:- <a href="https://www.24karat.co.in/spot-gold-exchange-new-investment-avenue-for-indians.php" target="_blank">Spot gold exchange - New Investment Avenue for Indians</a></strong></u></p>

<h2><u>Conclusion</u></h2>

<p>So, the Hutti Mines indeed consists of glorious history as well as an inspiring presence in the mining industry in India. If you are still <a href="https://www.24karat.co.in/a-quick-guide-to-selling-gold-for-cash.php" target="_blank">wondering where can I sell scrap gold</a>, you must know about the present gold value.</p>
