Goa govt places for auction 5 more iron ore mining blocks

25 Jan 2023 , 07:27 PM

According to a senior official, the Goa government has begun the process of auctioning off five more iron ore mining blocks, all of which are located in the North Goa district.

The state Directorate of Mines and Geology (DMG) held an e-auction of four iron ore blocks last month in order to pave the way for the state’s iron ore mining industry to resume.

The once flourishing industry, a stalwart of the state’s economy, had been brought to an ignominious halt in 2018, following the Supreme Court’s revocation of 88 mining leases. The ramifications of this fateful decision continue to reverberate through the region to this day.

The blocks up for auction include the Advalpale-Tivim Mineral Block, Cudnem-Cormolem Mineral Block, Cudem Mineral Block, Tivim-Pirna Mineral Block, and Surla-Sonshi Mineral Block. The official from the DMG stated on Tuesday that the auction process for these mineral blocks is in the second phase. 

Companies and investors interested in mining activities in Goa can participate in the auction process to acquire these mineral blocks.

He stated that the deadline for bid submissions is March 27, 2023.

The leases would be auctioned off online through the Metal Scrap Trading Corporation (MSTC).

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