Chhattisgarh's Korba district lithium mine auction likely next month

In February 2023, Geological Survey of India discovered lithium in the Katghora tehsil. According to a preliminary report, lithium deposits were spread over 256.12 hectares

lithium
R Krishna Das Raipur
2 min read Last Updated : May 21 2024 | 5:44 PM IST
Delayed due to the ongoing Lok Sabha elections, the lithium mine in Chhattisgarh’s Korba district is likely to be auctioned next month.

In March, the Ministry of Mines had floated a tender for the auction, in which several companies, such as Coal India (CIL), Vedanta, Adani Group, and Jindal Steel Power, had expressed their interests. A company from Argentina, besides Ola Electric, Shree Cement, Khanij Bidesh India, Oriental Mining & Co, Dalmia, Rungta, and UltraTech were also in the fray.
If CIL gets the licence, it will venture into mining of other minerals, besides coal.

“Because of the election Code of Conduct, the bids could not be opened and the ministry would soon initiate the process,” a senior official in the Chhattisgarh mining department said. The process is likely to be completed in the first fortnight of June, he added.

In February 2023, the Geological Survey of India (GSI) discovered lithium in the Katghora tehsil. According to a preliminary report, lithium deposits were spread over 256.12 hectares, including 84.86 hectares of forest area.


The GSI said geochemical mapping brought out inconsistent values of lithium in seven composite samples in the Katghora area. These ranged between 82.606 and 155 parts per million.

Korba’s Katghora block may also be recommended for a composite licence, which provides a prospecting licence-cum-mining lease. It is included in the ongoing auction process of 20 mineral blocks across the country, the GSI report said.

The ministry is keen to expedite the mining activities in Chhattisgarh. Union Mines Secretary V L Kantha Rao recently visited the state and asked mining and mineral industry representatives for suggestions to improve the excavation work.

Rao also asked the state officials to ensure no illegal excavation was carried out in the mines that have been closed. If minerals were found in the closed mines, the necessary process should be initiated, he had suggested.

Chhattisgarh is among the select states that has access to the District Mineral Foundations (DMF) portal. Rao said DMF should be used to increase beneficial activities and develop infrastructure on the demand of people in mining-affected areas.
*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

Topics :Chhattisgarhlithium ion

First Published: May 21 2024 | 5:44 PM IST

Next Story