Goa Prepares for Next Phase of Iron Ore Block Auctions

22 Apr 2025 CW Team

The Directorate of Mines and Geology (DMG), Goa, is preparing to launch the next phase of e-auctions by carving out fresh mineral blocks from nine existing iron ore leases. This move follows the auction of 12 mineral blocks since 2023, comprising 24 mining leases.

Out of these, seven blocks have received Environmental Clearance (EC), and two have commenced operations. Notable sites auctioned include Cudnem–Cormolem, Surla Sonshi, Tivim–Pirna, Bicholim–Mulgao, and Codli. Major firms participating in the auctions include JSW Steel, Vedanta Ltd, Fomento Resources, Salgaocar Shipping, Kai International, Agarvanshi Steep Corporation, and NS Bandekar. Vedanta became the first to resume mining activities at the Bicholim block following the EC grant.

JSW Steel holds blocks such as Cudnem–Cormolem and Surla Sonshi, while Kai International secured the Tivim–Pirna block. Agarvanshi Steep Corporation won the Onda block.

DMG officials stated that the upcoming auctions aim to unlock more mining potential while ensuring environmental compliance. The state’s phased auction strategy reflects an attempt to revive Goa’s mining economy, which had seen years of stagnation due to regulatory hurdles.

Source: Herald Goa

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