e-auction of 3 mn tonne ore on Nov 10

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Panaji: The government has announced e-auction of 3.0 million tonne of iron ore lying in jetties and mining stacks in the state. The 24th e-auction is on November 10, and it is of ore from different mining companies.

The ore quality ranges between 27 grade Fe to 58 grade Fe. The e-auction is being conducted by the department of mines and is of ore lying in mines including Pale, Rivona, Collem, Sirigaon, Tollem, Caurem, Patiem, etc.

E-auction of iron ore in the state is receiving poor response from bidders. The previous e-auction, viz. the 23rd e-auction was on June 27, 2020. Iron ore mining in the state is closed since March 16, 2018, after a Supreme Court order cancelled renewal of 88 mining leases.