Published on 22/01/2018 2:58:36 PM | Source: Dion Global Solutions Ltd

Government to auction 8 more mineral blocks by mid-march: Reports

Posted in Industry News| #India #Industry #Mining Sector #Government

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The Indian Government has said that it has identified eight more mineral blocks with a cumulative reserve of 1,133 million tonnes (MT) in Rajasthan, Chhattisgarh and Jharkhand to be auctioned by mid-march.

As per reports, till now, a total of 88 mineral blocks have been notified by 9 states for auction, of which 33 blocks have been successfully auctioned with an estimated revenue of Rs 1.28 lakh crore over the lease period to the states.

Commenting on the issue, a Government Official told the media, “Of the eight mines, six are of lime stone - five in Rajasthan and one in Chhattisgarh, one of iron ore and the remaining one is of graphite & quartz - both in Jharkhand.”

“Five of the limestone blocks in Rajasthan - four in Nagaur district and one in Jaisalmer - will be put under hammer on February 7, while the Chhattishgarh mine in district Baloda will go for e-auction on March 12,” he added.

“The remaining two iron ore and graphite & quartz blocks will be auctioned on March 14. These mines have a cumulative reserve of 1,133 million tonnes of limestone, iron ore and graphite & quartz,” he further said.