The state government has tentatively finalised eight mining in goa. these mines will be selected on report of mining corporation
The Goa government has roped in State Bank of India to help it auction leases for eight” mining blockship its newly created mineral development corporation, chief minister Pramod Sawant announced on Wednesday after a meeting of the state cabinet.
Sawant said the auctions were likely to take place in December and besides the State Bank of India, the Mineral Exploration Corporation Limited (MECL) was helping in identifying the leases to be auctioned.
“The cabinet has given approval to MECL for assessment of mineral ore for phase one of the auction. We are auctioning around six to eight blocks. …they are exploring which blocks will be eventually selected. After that auctioning will be conducted by the State Bank of India,” Sawant told reporters.
Iron Ore mining in Goa has remained suspended since March 16, 2018 after 88 mining leases renewed by the Goa government across 2014-15 were rendered defunct and cancelled by a Supreme Court order in February 2018. The mining industry was a major revenue and employment generator for the state and at its peak contributed close to 15% of the state’s GDP
