173 mining companies have shown interest in purchasing 18 low-grade iron ore dumps

Panaji: Total 173 Mining companies Traders expressed their willingness to buy 18 Low grade iron ore dumps Which are put up for sale at public auction in the state.
The government set a reserve rate of 22% for the former Electronic auction of low-quality iron ore dumps in the state. if Indian Bureau of Mines (IBM) The price is Rs 100 per ton for low quality iron ore and mining companies buy low quality iron ore in auction at a reserve price of 22%, then the company has to pay Rs 22 per ton to the government.
A senior government official said that during the auction, mining companies will increase the bidding percentage to compete with each other to buy the landfill.
The government has also set criteria for traders and mining companies to participate in the e-auction, i.e. bidders must have a minimum net worth of Rs 25 crore. 18 iron ore dumps will be put up for online auction from January 22 to 25.
The government has put 18 low-grade iron ore dumps with a total amount of about 30 million tons up for auction. The crude oil offered for auction is classified between 45 and 51. Up to 25 million tons of waste handling can be exported. Of the 18 landfills, 15 are in South Goa.
Last month, the government revised its landfill e-auction policy to sell unclaimed low-quality ore dumps located on private properties, for which landowners have not paid transfer fees. It expects to generate revenue of around Rs 500 crore from the auction of these dumps.
The Directorate of Mines and Geology has authorized four agencies to conduct a discharge profile study, including quantitative and qualitative assessment, on a pilot basis for low-grade ore. The companies entrusted with this task are Sai Universal Mining Services, Global Environmental and Mining Services, Minerals Lab Services Pvt Ltd and Sinha Mining Consultancy.
The Supreme Court has allowed the Goa government to carry out mining activity in the state as per the expert committee report. Accordingly, the Iron Ore Trading Regulation Policy has been notified on September 14, 2023.
The Waste Handling Policy 2023 has paved the way for dealing with 700 million tonnes of low-grade iron ore lying in and out of mining contracts across Goa and exporting 25 million tonnes annually. A senior officer said Discharge handling policy It has been appealed in court.