Business Standard

mineral blocks auction

Govt cancels auction of 13 of 20 critical mineral blocks over poor response

The government on Friday said it has cancelled the auction for 13 of the 20 blocks put on sale in the first tranche of critical minerals as the response was lukewarm. "The e-auction process for 13 mineral blocks was annulled vide notification dated 13 March 2024, wherein no bids were received for two blocks and less than three technically Qualified Bidders (TQB) were there for 11 blocks," the mines ministry said in a statement. Of the 20 blocks put on offer, 56 physical bids and 56 online bids were received for 18 blocks. Of the 11 cancelled blocks, seven mines have been notified for auction under the third round. The second round of auction of six blocks have been completed as per schedule. The decision on kundol, nickel and chromium block in Gujurat will be taken by the designated officer in due course of time, as per the statement. Earlier this month, the government launched the third tranche of auction of critical and strategic minerals. The Centre has launched auction of 38

Govt cancels auction of 13 of 20 critical mineral blocks over poor response
Updated On : 30 Mar 2024 | 12:27 AM IST

NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr

That apart, NLC India has also participated in the bidding for 20 blocks in the initial phase of the auction for critical mineral blocks in India.

NLC India jumps 5% as ICRA reaffirms rating on NCDs worth Rs 2,000 cr
Updated On : 02 Mar 2024 | 10:01 AM IST

State govts auctioned 100 mineral blocks from March 2021 to Aug 2022

The state governments have auctioned 100 mineral blocks between March 2021 and August 2022, the Union Ministry of Mines has said

State govts auctioned 100 mineral blocks from March 2021 to Aug 2022
Updated On : 19 Sep 2022 | 2:59 PM IST

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

Govt to auction 5 mineral blocks with 667 MT reserves in Gujarat, Karnataka
Updated On : 28 Jun 2020 | 4:17 PM IST

Nine new mineral blocks at Odisha's auctions may draw lukewarm bids

Stakeholders feel these blocks may lose out to the lapsing merchant blocks where it will be easier to recommence mining and achieve seamless production and despatch

Nine new mineral blocks at Odisha's auctions may draw lukewarm bids
Updated On : 28 Oct 2019 | 5:22 PM IST

Odisha readies 40 mineral blocks for auction; panel to decide on modalities

The blocks to be offered for auctions are a mix of virgin deposits and leases, owned by private miners, which are set to expire by March 31, 2020

Odisha readies 40 mineral blocks for auction; panel to decide on modalities
Updated On : 12 Jun 2019 | 7:11 PM IST

Miners want in-principle approvals before auctions of mineral blocks

Delay in securing environment & forest clearances slows the pace of auctions

Miners want in-principle approvals before auctions of mineral blocks
Updated On : 04 Jun 2019 | 11:44 PM IST

Over 100 mineral blocks ready for online auctions: Narendra Singh Tomar

Mines ministry on track to auction lapsing leases

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Updated On : 02 Feb 2019 | 9:05 PM IST

Union Mines Ministry moots panel for post auction issues of lapsing leases

Goa has the most number of mines (184) headed for expiry. Next to Goa are Karnataka and Goa with 48 and 31 mining leases respectively

Union Mines Ministry moots panel for post auction issues of lapsing leases
Updated On : 17 Nov 2018 | 10:14 PM IST

Mineral block auction: Govt mulls single window for green clearances

The government had said that the ministries of mines, steel and environment were working together in this regard

Mineral block auction: Govt mulls single window for green clearances
Updated On : 24 Oct 2018 | 5:13 PM IST

Odisha to auction 31 lapsing mineral blocks, notification likely in 2019

According to the notified rules, mine leaseholders are required to submit exploration plans in 60 days from the date of the notification

Odisha to auction 31 lapsing mineral blocks, notification likely in 2019
Updated On : 09 Aug 2018 | 11:29 PM IST

Centre plans to auction 12 mineral blocks in August, September

The NIT (notice inviting tender) for the limestone block was out in April

Centre plans to auction 12 mineral blocks in August, September
Updated On : 29 Jul 2018 | 1:34 PM IST

States rush to prepare lapsing blocks for auctions after new MCDR rules

The Odisha government has shown readiness to auction the lapsing mineral blocks

States rush to prepare lapsing blocks for auctions after new MCDR rules
Updated On : 09 Feb 2018 | 5:44 PM IST

Government to auction 8 more mineral blocks in three states by mid-march

The government 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. So far, 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. 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, as per the mines ministry. 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, ...

Government to auction 8 more mineral blocks in three states by mid-march
Updated On : 21 Jan 2018 | 1:38 PM IST