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Vedanta Ltd on Saturday said it has been declared as "preferred bidder" for an iron ore mine in Goa. The government of Goa had invited tenders to participate in electronic auction for grant of mining lease in respect of iron ore mines in the state, the company said in a regulatory statement. The company said it had submitted its bid for grant of mining lease. "As per the notice dated June 9, 2023, issued by the Directorate of Mines & Geology, Government of Goa, the company has been declared as 'preferred bidder' in respect of electronic auction of block VII - Cudnem mineral block based on highest final price offer of 93.15 per cent," it said. The grant lease by the Goa government shall be subject to making of necessary payments, completion of other terms and conditions of the tender document, Vedanta Ltd said. Iron ore is a key raw material used in steel manufacturing.
The Goa bench of the Bombay High Court has directed three mining companies to deposit Rs 65 lakh each before it for rehabilitating the agricultural land was polluted due to mining. Justice M S Sonak and Justice M S Jawalkar issued the interim order on Wednesday after the state's counsel argued that the mining companies were responsible for filling silt in the paddy field in Sirigao village of North Goa. The court also directed the District Mineral Foundation (a corpus created by the Centre through the tax contribution by mining firms) to earmark Rs 2 crore for the purpose. Vedanta Inc, Rajaram Bandekar (Siridao) Mines Private Limited and Chowgule & Company Private Limited are respondents in this petition. "We direct the mining companies to deposit in this court Rs 65 lakh each, on or before the next date which shall be January, 27," the bench ruled. If it is found that the mining companies are not responsible for this silt or are not responsible under the polluters