SCCL signs Karnataka gold copper exploration agreement
Analysis based on 6 articles · First reported Aug 07, 2026 · Last updated Aug 07, 2026
The agreement signals SCCL's expansion into mineral exploration outside its home state, potentially diversifying its revenue streams beyond coal. It may positively impact SCCL's growth prospects and the India — Karnataka mining sector, though near-term market impact is limited as exploration is at an early stage.
State-owned Singareni Collieries Company Limited (SCCL) has formally commenced exploration of gold and copper deposits in the Devadurga Block in India — Karnataka after signing an agreement with the India — Mines and Geology Department (DMG). The agreement, signed in Bengaluru on August 7, 2026, by DMG Director Rangappa and SCCL Director (Projects & Planning) K. Venkateshwarlu, marks the official start of exploration activities in the 199.13 sq. km block spread across Raichur and Yadgir districts. SCCL had earlier secured the exploration licence through the India — India's mineral auction process. Under the agreement, SCCL will complete exploration within five years, targeting the G4 stage within two years. The exploration programme includes remote sensing, geological mapping, geophysical surveys, and scout drilling, with samples analyzed at SCCL's Geo Science Laboratory in Kothagudem. This is the first time SCCL is undertaking mineral exploration of this scale outside India — Telangana, leveraging its 130 years of geological expertise. A detailed exploration report will be submitted to the India — Karnataka DMG to guide advanced exploration stages.
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