Planning to auction Goa mining leases: Parrikar

Image
IANS Panaji
Last Updated : Jul 20 2017 | 4:48 PM IST

The Goa government is planning to auction mining leases which are due to expire in 2020, Chief Minister Manohar Parrikar told the state legislative assembly on Thursday.

Parrikar, also the Minister of Mines and Geology, said that there are 277 valid iron ore mining leases in the state.

"So far 89 mining leases are renewed and 188 leases have got benefit of deemed extension as per Mines and Minerals (Development and Regulation) Amendment Act, 2015," Parrikar said in a written reply to a question by Bharatiya Janata Party MLA Nilesh Cabral.

A few years back, a central government appointed judicial commission had exposed a Rs 35,000 crore illegal mining scam in Goa, which eventually led to a Supreme Court-enforced ban on all iron ore extraction.

The ban was lifted in 2014 and iron ore extraction started next year under strict monitoring of the apex court.

Parrikar added that iron ore production for the 2015-16 fiscal was 7.29 million tonnes and in 2016-17 it increased to 20 million tonnes.

--IANS

maya/ksk/bg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 20 2017 | 4:38 PM IST

Next Story