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Construction : What's up | April 2016 | Source : Equipment India

Govt to auction 42 mine blocks

The government will be auctioning a total of 42 blocks in the second phase of mineral auctions during 2016-17. These blocks have been identified by seven state governments for auction under the Mines & Minerals Development & Regulation (Amendment) Act, 2015. The 42 blocks are spread across Chhattisgarh - five limestone and one gold are on offer, Gujarat - four limestone and four bauxite, Maharashtra - one bauxite, iron ore, limestone, tungsten each, Odisha - one iron ore, two limestone, Karnataka - 15 iron ore, Jharkhand - two copper and one gold and Rajasthan - three limestone. Speaking in the Lok Sabha, Union Steel & Mines Minister Narendra Singh Tomar also said that in Apri-May 2016, 22 mineral blocks will be auctioned under Phase-1.
 
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