+
Goa govt completes first round of iron ore mining block auction
COAL & MINING

Goa govt completes first round of iron ore mining block auction

Four businesses won bids to harvest ore from various mineral-rich regions of the coastal state after the Goa government finished the first part of its auction of mining blocks, an official said.

The state's iron ore mining business will resume in the state as a result of the e-auctioning procedure that the Directorate of Mines and Geology (DMG) of the state performed.

Following the Supreme Court's cancellation of 88 mining leases in 2018, the sector, which once accounted for a significant portion of the state's revenue, came to a complete halt.

The mining block auction's initial stage is now concluded. The victorious bidders, a top DMG official, are given all four blocks. He said that Vedanta Limited had won the bid for the Bicholim-Mulgao mining block in North Goa, which has an iron ore deposit of more than 84 million tonnes.

Shirigao-Mayem mining Block in North Goa was won by Salgaocar Shipping Company Pvt Ltd in a competitive bid. He claimed that the mine's mineral reserves were more than 24 million tonnes.

The Monte-de-Sirigao mining block in North Goa, which has 10 million tonnes of ore available for extraction, was won by Goa's Rajaram Bandekar Pvt Ltd, according to the official

Sociedade De Fomento Industries Private Limited won the fourth Block, which includes Kalay Mines (South Goa). He claimed that the mine's 75 hectare undeveloped lease area contains 16.731 million tonnes of iron ore.

On September 30, 2022, the Directorate of Mines and Geology issued a tender invitation for an electronic auction for four mining blocks: Kalay Mine in Sanguem Taluka, Mulgao, Sirigao-Mayem, and Monte-de-Sirigao, all of which are located in the Bicholim Taluka.

See also:
Goa requests MoF to levy nil export duty on low-grade iron ore
NMDC gets LoI for Bailadila iron ore mine in Chhattisgarh


Four businesses won bids to harvest ore from various mineral-rich regions of the coastal state after the Goa government finished the first part of its auction of mining blocks, an official said. The state's iron ore mining business will resume in the state as a result of the e-auctioning procedure that the Directorate of Mines and Geology (DMG) of the state performed. Following the Supreme Court's cancellation of 88 mining leases in 2018, the sector, which once accounted for a significant portion of the state's revenue, came to a complete halt. The mining block auction's initial stage is now concluded. The victorious bidders, a top DMG official, are given all four blocks. He said that Vedanta Limited had won the bid for the Bicholim-Mulgao mining block in North Goa, which has an iron ore deposit of more than 84 million tonnes. Shirigao-Mayem mining Block in North Goa was won by Salgaocar Shipping Company Pvt Ltd in a competitive bid. He claimed that the mine's mineral reserves were more than 24 million tonnes. The Monte-de-Sirigao mining block in North Goa, which has 10 million tonnes of ore available for extraction, was won by Goa's Rajaram Bandekar Pvt Ltd, according to the official Sociedade De Fomento Industries Private Limited won the fourth Block, which includes Kalay Mines (South Goa). He claimed that the mine's 75 hectare undeveloped lease area contains 16.731 million tonnes of iron ore. On September 30, 2022, the Directorate of Mines and Geology issued a tender invitation for an electronic auction for four mining blocks: Kalay Mine in Sanguem Taluka, Mulgao, Sirigao-Mayem, and Monte-de-Sirigao, all of which are located in the Bicholim Taluka. See also: Goa requests MoF to levy nil export duty on low-grade iron ore NMDC gets LoI for Bailadila iron ore mine in Chhattisgarh

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code