North Goa has been offered five mining blocks for sale in the second round via e-auction. The second round of the iron ore mining e-auction has received interest from around 17 companies in total, including leading miners from Goa.
Towards end-January 2023, Goa’s Directorate of Mines and Geology (DMG) notified 5 leases for auction on the back of a successful auction in December where premiums crossed the 100% mark.
The five new mines include three that will not need fresh environment or forest clearances, or mining plan and can operate with the earlier limits. The list includes the Surla-Sonshi mine of Vedanta, which had in December bid for its own mine in Bicholim.
A government official noted how, despite the propagated fear that large “outside” companies, with deep pockets would displace Goan miners, it was the incumbents who fought each other to win rights to the mines auctioned in the first tranche.
The last date for the purchase of tender document is 17 March 2023 and last date for bid submission is 27 March 2023.
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