India to auction eight iron ore mines in next 2 months
The government plans to auction 12 mineral blocks, including eight iron ore mines, in the next two months, according to an official document.
Of the 12 blocks to go under the hammer in August and September, three are graphite blocks in Jharkhand, one is a limestone block in Andhra Pradesh and the remaining eight are iron ore mines in Karnataka, the document said.
For the limestone mine auction, both greenfield and brownfield cement plants for captive consumption within the state will be eligible to participate.
The NIT for the limestone block was out in April.
The Centre had earlier said it was considering granting all approvals, including environmental clearance, to mineral blocks before putting them up for sale, a move that may give a push to the auctions.
The statement came soon after Niti Aayog said all approvals concerning the mines should be taken before their auctions.
Recently, it has given in-principle approval to provide single clearance for environment and forest to the new lease holders of the 288 mining leases expiring in two years.
Work is being carried out in around 102 mineral blocks.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)