Department of Mines & Geology (Govt. of Karnataka) has yesterday (i.e. on 23 May’16) issued the addendum in which it has extended the due dates for bid submission for upcoming mine block auctions in the state.
Karnataka DMG has extended the due date of bid submission. The due date for submission of initial price offer thereafter technical bids which was earlier fixed at 10 Jun’16 has been extended by about a month’s time. Now the revised date for submission of bids (technical as well as initial price offer) has been extended to 11 Jul’16.
Also the last date for responses to queries by state government which was previously 23 May’16 has been extended to 22 Jun’16.
Karnataka DMG is to put 14 mine blocks under auction very soon. The 14 mine blocks which are to be put under auction belong to the “C”category mines located primarily located in Bellary & Chitradurga districts of Karnataka.
Karnataka mine block auction events at a glance-
|
Event Description |
Date |
| Bid due date (Technical+initial price offer) | 11 Jul’16 |
| Opening of technical bids | 12 Jul’16 |
| Announcement of technically qualified bidders | 20 Jul’16 |
| Conduct of ascending forward e-auction & submission of final price offer | 29 Jul’16-03 Aug’16 |
| Announcement of preferred bidder | 29 Jul’16-03 Aug’16 |
| Payment of 1st installment of upfront payment | 19 Aug’16 |
| Issuance of letter of intent by state govt. | 22 Aug’16 |
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