Odisha government to auction seven mines
The Dollar Business Bureau The government of Odisha is in the process of auctioning 7 mines by August, revealed the Steel and Mines Minister of Odisha Prafulla Mallick. These seven mines include manganese, bauxite, and iron ore in the district of Koraput. The Minister said that the government is in the process of auctioning seven more by July- August this year. He also added that among these mines a bauxite mine would also be auctioned in Koraput district. This announcement of auctioning bauxite mines has raised the hopes of Vedanta, which has been struggling to acquire raw materials for its refinery at Lanjigarh in Kalahandi district. Vedanta is also likely to take part in the bidding process. Due to lack of bauxite, Vedanta’s refinery ...
Centre moots greater role for States in minerals mining
The Dollar Business Bureau With an aim to expedite the mineral development, the Government of India on Thursday has taken decision to delegate power to the State governments. Notifying 31 major minerals under the minor mineral category, the Indian Union Minister of Steel and Mines Narendra Singh Tomar announced that this move of the Centre is to devolve more power to the States. The Minister was speaking on the sidelines of the 54th meeting of Central Geological Programming Board (CGPB) at Vigyan Bhawan in New Delhi on Thursday. These 31 minerals account for over 55% of the total number of leases and nearly 60% of total leased area. The Minister further said that the Central government wants the Public Sector Units ...
