Govt to auction 5 mineral blocks with 667 MT reserves in Gujarat, Karnataka

The identified blocks would be auctioned along with other blocks without pre-embedded clearances

India is a mineral-rich country (its geological potential is similar to Western Australia) but mines only 2 per cent of its potential

So far, 97 mining leases have been allocated through auctions since 2015.

Press Trust of India New Delhi
Starting Monday, the government will auction five mineral blocks in Gujarat and Karnataka having reserves of 667.2 million tonnes.

The development assumes significance in the wake of the Centre asking each state having mineral resources to identify at least five new mining projects for auction with pre-embedded clearance on a pilot basis, with a view to expediting the sale process as well as operationalisation of the blocks.

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, according to government documents.

First Published: Jun 28 2020 | 3:55 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to