Bhubaneswar: The Odisha government is planning to prepare a roadmap for auction of merchant mines which are scheduled to expire in 2020. The purpose of the roadmap is to prepare the merchant mines for auction immediately after the expiry of their lease period in 31st March 2020.
“We are planning to prepare a roadmap for auction of the merchant mines that are scheduled to expire by 31st March 2020. The main purpose of the roadmap will be to remain prepared for auction of the merchant mines that are scheduled to expire by March 2020. Through the action plan, we’ll ensure that the exiting lease holders will complete the exploration process in time, so that by December 2019 all the blocks should be ready with the exploration data and the actual reserve left in a particular mine. This will enable us to go for auction immediately after the expiry of the lease period” said Odisha Director of Mines Deepak Mohanty.
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