20 Critical Mineral Blocks to be Auctioned
The first tranche e-auction of Critical & Strategic Minerals was launched by Union Minister of Parliamentary Affairs, Coal and Mines, Mr. Pralhad Joshi recently.
A total of 20 critical mineral blocks will be auctioned in the first tranche, out of which 16 mineral blocks are put up for grant of Composite Licence and four mineral blocks for grant of Mining Lease.
Launching the auction process, the Minister said that lithium is truly a mineral of the future, with its uses ranging from rechargeable batteries to electric vehicles and in the very first auction launch of critical minerals, two lithium blocks have been offered.
Once operational, they will help to cut down imports and build an Aatmanirbhar Bharat, he added. The Minister said that the aim of the present launch is to ensure sustainable development goals and to fulfil Prime Minister’s Vision of Aatmanirbhar Bharat and further development of strategic sectors.
As per an official release from the Ministry of mines the commencement of sale of tender documents started from 29th November, 2023 itself. Pre-bid conference with prospective bidder is scheduled on 22nd December, 2023, last date of sale of Tender Document is 16th January, 2024 and last date of bid submission is 22nd January, 2024.
Thereafter, e-auction will commence for selection of preferred bidder. The entire auction process will be completed within 103 days from the date of launch of auction.
The auction was launched in the presence of Mr.V.L. Kantha Rao, Secretary Ministry of Mines; and dignitaries from various government organizations and PSUs, industry stalwarts, potential bidders, and leading media houses.
Details of the mines, auction terms, timelines etc. can be accessed on MSTC auction platform at www.mstcecommerce.com/auctionhome/mlcl/index.jsp.
