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: 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.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs April 2018

24 APRIL
NEWS
23 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS

Current Affairs March 2018

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

Current Affairs February 2018

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS