Chhattisgarh becomes first state to e-auction minor mineral

Posted on:14 Nov 2016 09:50:42

Chhattisgarh becomes first state to e-auction minor mineral
14 November 2016 Current Affairs GK: Chhattisgarh has become first state in the country to e-auction minor mineral mines.

The state government auctioned the Bharda dolomite mine located in Bilaspur district through the e-auction route. The mine having an estimated reserve of about 1.5 million tonnes is spread across 3.80 hectare area.

The state exchequer would get Rs 18 crore as auction money. Besides royalty of Rs 9 crore, the mine would contribute Rs 90 lakh to the district mineral fund (DMF). The company bagging the deal had been granted composite licence that includes prospecting licence (PL) and mining licence (ML).

Chhattisgarh is also first state to successfully conclude the first phase of non-coal mining auctions. The state government would get an additional Rs 4,413 crore over the life of lease in addition to royalty and district mineral foundation.

 For the first time, the gold mine was also put up for auction in Chhattisgarh. The London-listed Vedanta Resources bagged the mine located in Baghmara (Sonakhan) in Balodabazar district.

Gk Current Affairs April 2017

25 APRIL
NEWS
24 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS

Gk Current Affairs March 2017

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Gk Current Affairs February 2017

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
25 FEBRUARY
NEWS
24 FEBRUARY
NEWS




Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.