Govt to put 17 non-coal mines on the block again – Feedback

Six major states — Gujarat, Maharashtra, Rajasthan, Odisha, Jharkhand and Chhattisgarh — would be re-tendering 17 non-coal mines for auction. The decision is in the wake of the lack of interest shown by miners to the first auction owing to various reasons — dull market scenario, low-quality of mineral, restrictive use conditions, and lack of quality exploration data.

“The states assured (the central government) that they are already in the process of resolving these issues and would be re-tendering the blocks soon,” said a government release issued after Union mines minister Narendra Singh Tomar concluded his meeting with mines ministers of mineral-producing states on Friday. The first phase of mines auction started in November last year. According to the information provided on Friday, the states are yet to auction 58 mines in the ongoing first phase. However, the states told the central government they would be able to auction 108 mines in the second phase.

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *