Centre asks Jharkhand to auction 10 mineral blocks, warns it will go ahead if state fails to do so
The Mines Ministry has instructed the Jharkhand government to sell 10 mineral blocks, including a gold mine, warning of potential federal auction if the state fails to comply. it cited exploration levels of G2 and G3. These blocks encompass a copp...
The ten blocks include one copper mine, one limestone mine, and a graphite mine, the sources added.
As per the amendment in mining rules in 2021, the Centre has the power to put on sale mineral blocks in case a state government fails to auction the mines within the mutually agreed period.
Sources said when it comes to auctioning of mineral blocks, the Jharkhand government is lagging behind other states.
Of the 38 geological reports handed over by Geological Survey of India to the Jharkhand government, only five have been utilised for auction so far.
Of the remaining 11 mines, one potash block is critical and will be auctioned by the Centre.
The remaining 10 blocks are still to be notified for auction by the state. Twelve mineral blocks have been successfully auctioned so far in the current financial year. All the blocks auctioned are in Rajasthan.
The blocks have been bagged by companies such as Ambuja Cements Ltd and J K Cement Ltd.
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