29 November 2022

New Delhi : The government plans to auction 22 mineral blocks in Maharashtra , Uttar Pradesh and Goa in November and December .

The mines to be auctioned include six iron ore blocks , three blocks each of limestone and gold , two blocks of bauxite , one block each of copper , phosphorite and glauconite , according to the mines ministry .

Govt Plans To Auction
Govt Plans To Auction

The notice inviting teders for the blocks were floated in September . While the mines in Maharashtra will be auctioned next month , those in Uttar Pradesh and Goa will be put on sale in December .

So far , more than 180 mineral blocks have been put on sale since the system of auctioning of mineral blocks began . The government start ed the process of allocating mineral blocks through auctions in 2015-16 .

The ministry has ex pressed hopes of auctioning 500 mines by the end of 2024 .

The Centre is aiming to increase the mining sector’s contribution to the country’s Gross Domestic Prod uct ( GDP ) to 5 per cent from 2.5 per cent at present .

The ministry has also notified the Minerals ( Evidence of Mineral Contents ) Second Amendment Rules , 2021 , and the Mineral ( Auction ) Fourth Amendment Rules , 2021.

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