37 mineral blocks to be re-auctioned, a total of 98 blocks to be auctioned during this fiscal: Mines Secy Balvinder Kumar

Secretary, Mines, Balvinder Kumar said that another 61 blocks have been identified and will be put on auction within this fiscal, thereby taking the total number of blocks being auctioned during 2016-17 to 98 blocks.

37 mineral blocks to be re-auctioned, a total of 98 blocks to be auctioned during this fiscal: Mines Secy Balvinder Kumar

Team EnergyInfraPost

After the successful auctioning of 16 mines, the government will re-auction the 37 mineral blocks by the end of December this year as these blocks did not elicit a satisfactory response in the recently held auction process.

These 37 mineral blocks are in the states of Andhra Pradesh, Jharkhand, Chhattisgarh, Rajasthan, Karnataka and Odisha.

Secretary, Mines, Balvinder Kumar said that another 61 blocks have been identified and will be put on auction within this fiscal, thereby taking the total number of blocks being auctioned during 2016-17 to 98 blocks.

As part of the resolutions adopted during the 2-day state power ministers conference, the mines secretary said that all the States except Tamil Nadu will implement the Pradhan Mantri Khanij Kshetra Kalyan Yojana by end of this month. Due to elections, Tamil Nadu has an ongoing code of conduct in place.

He added that the Mining Surveillance System for major minerals will be launched in the next fortnight across the states, under the National Mineral Policy. In case of minor minerals, all states will begun work by second week of November and complete by January 2017. Under National Mineral Exploration Policy, G4 level of exploration of 80 blocks of 100 sq. km each will be carried out by March 2017.

Further, he added that the Ministry has asked 5 states—Andhra Pradesh, Chhattisgarh, Haryana, Kerala and Uttarakhand to modify their rules to introduce auctioning of minor mineral blocks. For major minerals, he said, the Act already stand modified.

Kumar said around Rs 47,000 crore has been raised from the auction of 16 mining blocks across India.As many as 31 minerals, including quartz, gypsum, sand, shale, silica and mica, are notified as minor minerals. Iron ore, bauxite, coal, copper, diamond, etc are some of the major minerals mined in India.

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