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Auction of 5 Mineral Blocks in Gujarat & Karnataka to Start

Mining News - Published on Mon, 29 Jun 2020

Image Source: Mineral Blocks Auction
The Indian government will begin uction five mineral blocks in Gujarat and Karnataka having reserves of 667.2 million tonnes. While the auction of one mineral block in Karnataka will begin on Monday, the sale of other four mines will commence on Thursday and last till July 8. The notice inviting tender for Kannur in Wadi Area limestone block in Karnataka was floated in November, while that for four limestone mines in Gujarat was out on March 19.

The mines ministry had recently released guidelines for the auction of mineral blocks with preembedded clearances as it explored ways to address the key issue of delay in mining production due to lack of various approvals such as forest and environment permissions. The identified blocks would be auctioned along with other blocks without pre-embedded clearances. Under the guidelines, the Centre has asked states to set up a project monitoring unit to complete the preparatory work for obtaining requisite clearances, approvals and related work.

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Posted By : Yogender Pancholi on Mon, 29 Jun 2020
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