kodachadri hill contains iron ore in its soil and test digging was also done here during the 20th century and it was identified that the stones found here have magnetic properties. however commercial mining in large scale did not take place at kodachadri, though there are efforts to lease out the surrounding hills to mining companies to mine manganese and iron and local people have strongly opposed such a move in view of possible environmental damage. in such anti-mining protests, local people under the leadership of shri raghaveshwara bharathi of ramachandrapura mutt, shivamogga district and environmentalist ananth hegde ashisara demanded ban on all mining activities in ambaragudda, which is near kodachadri and other hills of the area.