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

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?