"We will see to it that mining is resumed as early as possible. Even if we go for auction, we may put some stringent clauses to ensure that leaseholder will have to start mining within a specific period or pay a heavy penalty otherwise," Parrikar told reporters here.
Setting up the state corporation for mining will "invite multiple problems", he said.
As per the order, all ore extraction activity on the renewed leases should cease by March 15.
Goa is the country's leading exporter of low-grade iron ore and exported nearly 50 million tonnes before the Shah Commission in 2012 exposed a Rs 35,000-crore scam, implicating nearly all major mining industrial houses along with then Congress Chief Minister Digambar Kamat and key bureaucrats.
Iron ore extraction in Goa was subsequently halted by a series of bans by the state and central governments and eventually by the Supreme Court in 2012.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)