Goa govt completes first phase of auction of iron ore mining blocks ...Middle East

Economy by : (Business Standard) -
The Goa government has completed the first phase of auction of mining blocks with four companies winning bids for the extraction of ore from different mineral rich stretches of the coastal state, an official said on Thursday. The state Directorate of Mines and Geology (DMG) had conducted the e-auctioning process which will pave way for the resumption of the state's iron ore mining industry in the state. The industry, which used to be one of the major revenue earners for the state, had come to a standstill in 2018 after the Supreme Court quashed 88 mining leases. The first phase of auctioning of the mining blocks has been completed. All the four blocks are assigned to the successful bidders,

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