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Odisha to go for e-auction of its minerals

Posted on Nov 22, 09:02PM | UNI

The Odisha government will start e-auction of its minerals from April next in a bid to maintain transparency and better price for the minerals.

Director of Mines Dipak Mohanty told newspersons here that the e-auction of Iron ore, Manganese and Chromite would start from April one to cater to the needs of the domestic industries.

He said Karnataka, Maharashtra and Andhra Pradesh had already e-auctioned their minerals and it would be done in Odisha too.

Mr Mohanty said MSTC, a central government undertaking was enstrusted with the responsibilities of chalking out the detail modalities for the e-auction.

The Director of Mines said an-auction committee had been formed and the approval of the government would be sought for e-auction after the committee approved it.

MSTC Director Commercial B B Singh said an MoU would be signed between the government and the MSTC for the purpose and if everything goes as planned the e-auction will start in two months.

On the second and subsequent renewal of mining leases, Mr Mohanty said the mining lease of lesses having no facilities for value addition of minerals would not be renewed.

The state government would take over the mines whose leases would be cancelled and the state owned Odisha Mining Corporation would be allowed to operate these mines and meet the iron ore, manganese and chromite needs of industries in the state.