Goa govt inclined to auction iron ore mines
COAL & MINING

Goa govt inclined to auction iron ore mines

The Goa government has displayed the willingness to auction dormant leases to restart mining in the State which was halted since March 2018 after the Supreme Court cancelled Goa’s mining renewals. Goa chief minister Pramod Sawant stated that a way out through auctions was being considered and that the government wanted mining activity to resume.

This announcement is a notable departure from the State government’s policy which has resisted auctions in the past to avoid inviting unknown business interests and the mining mafia to carry out and undertake mining activities.

The three options that the State government besides an amendment to the Goa, Daman, and Diu (Abolition and Declaration of Mining Leases) Act (Abolition Act), 1987, is talking of including auction of leases and formation of a mining corporation that will bring mining under government control.

Mining in Goa is stuck in a standstill with the Supreme Court directing the State to issue new contracts and the MMDR Act in its current form making it compulsory for any grant of fresh leases to be done through an auction.

The ownership of Goa’s mines could be expanded with auctions which till now belonged to a handful of family-run companies and big players from across the country. Sawant added that the State policy had been such so far only because of the interests of the mining workers, truckers, and others who he feared might be severely affected with new players entering the industry and not to preserve the interests of the existing mine owners.

The illegalities in mining extraction came much later, and it was environmental concerns that first jolted the mining sector in Goa.

Source: Hindustan Times

The Goa government has displayed the willingness to auction dormant leases to restart mining in the State which was halted since March 2018 after the Supreme Court cancelled Goa’s mining renewals. Goa chief minister Pramod Sawant stated that a way out through auctions was being considered and that the government wanted mining activity to resume. This announcement is a notable departure from the State government’s policy which has resisted auctions in the past to avoid inviting unknown business interests and the mining mafia to carry out and undertake mining activities. The three options that the State government besides an amendment to the Goa, Daman, and Diu (Abolition and Declaration of Mining Leases) Act (Abolition Act), 1987, is talking of including auction of leases and formation of a mining corporation that will bring mining under government control. Mining in Goa is stuck in a standstill with the Supreme Court directing the State to issue new contracts and the MMDR Act in its current form making it compulsory for any grant of fresh leases to be done through an auction. The ownership of Goa’s mines could be expanded with auctions which till now belonged to a handful of family-run companies and big players from across the country. Sawant added that the State policy had been such so far only because of the interests of the mining workers, truckers, and others who he feared might be severely affected with new players entering the industry and not to preserve the interests of the existing mine owners. The illegalities in mining extraction came much later, and it was environmental concerns that first jolted the mining sector in Goa. Source: Hindustan Times

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Next Story
Equipment

Company showcases North America-certified machinery and secures new deals

Zoomlion Heavy Industry Science & Technology Co., recently showcased a wide portfolio of North America-certified and customised construction equipment at CONEXPO-CON/AGG 2026 in Las Vegas. The display included engineering hoisting machinery, concrete equipment, earthmoving machinery, mining equipment and construction hoisting solutions tailored to regional operational requirements.All equipment presented at the exhibition complies with North American certification standards, with several models specifically developed to meet local regulatory requirements and site conditions. One of the hig..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement