Supreme Court of India has allowed auctioning of ‘C’ category iron ore mine blocks in the order dated 13 Sept’17.
The Apex Court’s order reads – ‘we make it clear that it will be open for the state of Karnataka to auction such of category “C” mines, which according to the state, are viable and can be auctioned’.
Owing to issues relating to a conveyor belt system; railway sidings and railway sub-lines, Court had suspended mine block auctions in the state.
Earlier Supreme Court on 16 Aug’17 said to close down the ‘C’ category iron ore mine blocks which are no longer economically viable and has asked government to disclose the list for the same and clarified that until the list was submitted, there would be no further auctions of such mines in the state.
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