Goa to auction five more iron ore mining blocks: Official

Panaji: The Goa government has started the process of auctioning five more iron ore mining blocks, all located in North Goa district, said a senior official. "In the second phase, bids have been invited for the auctioning of Advalpale-Tivim Mineral Block, Cudnem-Cormolem Mineral Block, Cudem Mineral Block, Tivim-Pirna Mineral Block and Surla-Sonshi Mineral Block," said the official from the DMG on Tuesday.

Last date for submission of bids is March 27

The last date for the submission of bids is March 27, he said. The e-auctioning of the leases would be held through the Metal Scrap Trading Corporation (MSTC).

Goa govt completes 1st phase of e-auction of iron ore mining blocks

The state Directorate of Mines and Geology (DMG) had last month conducted the e-auctioning of four iron ore blocks, with an aim to pave way for the resumption of the state's iron ore mining industry in the state. The industry, which used to be one of the major revenue earners for the state, had come to a standstill in 2018 after the Supreme Court quashed 88 mining leases.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)