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Auction of mining leases only option, says Goa CM

Press Trust of India  |  Panaji 

Chief Minister Manohar Parrikar today said that there was no other option other than auctioning leases to resume iron ore extraction in the state, which is set to stop from March due to a order.

The apex court had recently quashed 88 leases in the state, with extraction of ore allowed only up to March 15, 2018.

"We are not in favour of forming any kind of corporation to handle these leases. The proposal for forming a corporation is not viable as the will invite multiple problems," Parrikar said in a statement issued here this evening.

Parrikar was responding to the demand of forming a state-run corporation to handle the business.

"Now its only auction which can resolve the issue, but in an auction we cannot restrain anyone from participating," he said, adding that the state was studying all aspects of the SC order.

He said that there seemed to be variations in the earlier orders of the SC, adding that his government would ensure that mining resumed in as early as possible.

He said that the closure of the leases would not have a major revenue impact on the government but "those dependent on mining could face the heat of the order".

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 23:25 IST