<P> Hutti Gold Mines Limited (Kannada: ಹಟ್ಟಿ ಚಿನ್ನದ ಗಣಿ) (HGML) is a company located in the state of Karnataka, India and engaged in the mining and production of gold . This was first established as Hyderabad Gold Mines in 1947 . With the closing of Kolar Gold Fields in 2001, this is the only company in India which produces gold by mining and processing the gold ore . Owned by the Government of Karnataka, HGML has two plants located in Hutti and Chitradurga . HGML mines gold from its main gold mine located in Hutti and other satellite mines . </P> <P> The Company's Corporate Office is located in Bengaluru . </P> <P> The mines managed by HGML are mainly located in the Hutti - Muski precambrian greenstone belt which contains both readily extractable native gold and gold - bearing sulphides . HGML consists of two gold units: </P> <Ul> <Li> Hutti Gold Unit: This consists of HGML's main mine located at Hutti and the satellite mines - Uti and Hirabuddini, all of which are located in the Raichur district . Hutti is an underground mine, Uti is an open - cast mine while Hirabuddini is an exploratory mine . </Li> <Li> Chitradurga Gold Unit: This consists of an open - cast mine located in Ajjanahalli in Tumkur district and an exploratory underground mine at G.R. Halli in Chitradurga district . </Li> </Ul>

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