Iron_ore_e-auction

Post Auction Mining Clearances and Approvals 3rd Meeting – Updates

Ministry of Mines, government of India conducted third meeting on Post Auction Mining Clearances and Approvals Facilitator (PAMCAF) on 28 Oct’16 at New Delhi.

The meeting was held under the chairmanship of Secretary (Mines) .The meeting was convened to review the current status in terms of clearances including signing of MDPA (Mine Development and Production Agreement ) and issuance of LoI (Letter of Intent) in respect of auctioned blocks.

In the meeting conducted, Union Secretary (Mines) emphasized on PAMCAF online portal – a software which is being developed to speed up mining activities in India.

Status of iron ore blocks auctioned till date

S.no State Block
Name
Successful/
Preferred Bidder
Case Type  Status
1 Odisha Ghoraburhani-
Sagasahi
Essar Steel ML Total upfront payment made, 
LoI issued, 
mining plan approved by IBM
2 Karnataka Rama Rao Paol JSW Steel ML 1st installment of 
upfront payment received
3 M/s Lakshmi Narayana
Mining Company
MSPL ML 1st installment of 
upfront payment received
4 Tungabhadra  Minerals – 2365 JSW Steel ML 1st installment of 
upfront payment received
5 Tungabhadra Minerals – 2366 JSW Steel ML 1st installment of
upfront payment received
6 Hothur Traders JSW Steel ML 1st installment of 
upfront payment received
7 Karthikeyas  Manganese MSPL ML 1st installment of 
upfront payment received
8 V.S Lad & Sons JSW Steel ML 1st installment of 
upfront payment received

Source: Minutes of the meeting as per Ministry of Mines, Govt. of India


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