The first successful auction took place in Feb 2016, with 2 small limestone blocks in C'garh going under the hammer
States will garner revenues of around Rs 15,070 crore from the first phase of the auction
Five states -- Karnataka, Andhra Pradesh, Madhya Pradesh, Rajasthan and Jharkhand will offer a total of 29 mines for the auction
States had allocated a total of 47 mines bearing minerals such as gold, iron ore, bauxite and limestone for auction in the first round