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Govt plans to auction over 100 mineral blocks by Mar 2019

Press Trust of India  |  New Delhi 

Having secured Rs 1.81 lakh crore in its kitty from of 50 mineral blocks, the government is looking to put on block another 100 mines in the next six months, according to the

The government so far has auctioned 50 mines, including 23 limestone, 17 iron ore, 4 gold, 2 each of manganese and graphite blocks and one bauxite and diamond block each.

There are 102 blocks in pipeline to be auctioned by March 2019 in Andhra Pradesh, Chhattisgarh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Telangana and Assam, as per a report by the on progess of block auction.

These include 42 limestone, 19 bauxite, 11 manganese ore, 8 copper, 6 iron ore, 6 graphite, 3 zinc, 2 emerald, 2 gold, 1 & manganese, 1 dolomite/limestone and 1 copper ore.

As per the report, will auction the highest 20 blocks followed by 16 by and 13 each by and

Of these 102, the government plans to auction two limestone blocks in October.

Of the two blocks, one is in and the other is in

The Chintalayapalle-Abdullapuram-Korumanipalli (CAK) limestone block in with reserves of 104.68 million tonnes (MT) will be auctioned on October 12.

The Bhatvadiya block in with reserves of 477.2 MT will go under the hammer on October 17.

The Centre had earlier said it was considering granting all approvals, including environmental clearance, to mineral blocks before putting them up for sale, a move that may give a push to the auctions.

The idea is to fast-track auctioning and iron out issues related to green clearances and land rights are addressed upfront.

It has given in-principle approval to provide single clearance for environment and forest to the new lease holders of the 288 mining leases expiring in two years.

From the 50 mineral blocks auctioned so far since 2015, the government will earn a revenue of Rs 1.81 lakh crore over the lease period.

To ensure transparency in the mineral sector, Mines and Minerals Development and Regulation) Amendment Bill, 2015 was passed by Parliament in 2015.

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

First Published: Sun, October 07 2018. 11:35 IST