According to a senior official, the Goa government has begun the process of auctioning off five more iron ore mining blocks, all of which are located in the North Goa district.
The state Directorate of Mines and Geology (DMG) held an e-auction of four iron ore blocks last month in order to pave the way for the state's iron ore mining industry to resume.
The once flourishing industry, a stalwart of the state's economy, had been brought to an ignominious halt in 2018, following the Supreme Court's revocation of 88 mining leases. The ramifications of this fateful decision continue to reverberate through the region to this day.
The blocks up for auction include the Advalpale-Tivim Mineral Block, Cudnem-Cormolem Mineral Block, Cudem Mineral Block, Tivim-Pirna Mineral Block, and Surla-Sonshi Mineral Block. The official from the DMG stated on Tuesday that the auction process for these mineral blocks is in the second phase.
Companies and investors interested in mining activities in Goa can participate in the auction process to acquire these mineral blocks.
He stated that the deadline for bid submissions is March 27, 2023.
The leases would be auctioned off online through the Metal Scrap Trading Corporation (MSTC).
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.