The Goa government has earned ₹7 crore through e-auctioning of 55,000 tonnes of iron ore, a senior official has said.
“The seventh e-auctioning of ore was held this week. A total of 55,000 tonnes of iron ore were sold, bringing in revenue of ₹7.07 crore,” Mines and Geology department Director Prasanna Acharya told PTI.
The Supreme Court, in its verdict that had lifted the stay on the iron ore extraction activity, has allowed the state government to e-auction the ore which was lying at various places including mining leases, jetties among others.
Acharya said the Directorate of Mines and Geology has identified a total of 4.72 million tons of ore for e-auction in the eighth phase, which is expected to be held next week.
“The government wants to ensure that the entire 15 million tons of identified ore gets auctioned before October, when the fresh mining extraction is expected,” he added.
The e-auction is conducted through the Metal Scrap Trading Corporation (MSTC) under the supervision of an apex court-appointed monitoring committee by the Directorate of Mines and Geology.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.