Madhya Pradesh government restarts diamond mine auction

NEW DELHI: The Madhya Pradesh government has started afresh the pilot spherical of auction of diamond mines, daily once it had been scrapped because of poor response.

A good response is predicted from corporations now spherical, officers same, citing interactions with the bidders.
Vivek capital of American state, director, natural science and mining, same some corporations could not complete the formalities for bidding and have requested modern auctions.

“Last time, due to some confusion, bidders submitted the bids in physical kind however couldn’t submit them on-line in time as was needed,” capital of American state told ET. “They have created representations to America, so we have a tendency to tend to annulled the earlier technique and restarted it. this point we have a tendency to tend to unit of measurement assured that each one four blocks will get sensible response.”
The authorities on weekday invited contemporary technical and cash bids for the four blocks – one diamond and three rock blocks. The last day for on-line purchase of tender document is August twenty 9 whereas the purpose for submission of bids is New Style calendar month 3.

Madhya Pradesh had earlier invited bids on could four.

The Hatupur diamond mine in Panna district is bit 133 hectares with expected zero.604 million tonnes of reserves of 10.20 carat diamonds. The Nimarmunda rock mine has seven.51 million tonnes of reserves, the Badarkha mine has seventeen.2 million tonnes and Ghuinsa sedimentary rock block possesses 9.98 million tonnes.

Currently, the Panna mine, surpass state-owned NMDC Ltd, is that the exclusively operational diamond mine within the country.
Currently, the Panna mine, surpass state-owned NMDC Ltd, is that the exclusively operational diamond mine within the country.

“Since not up to three bids were received for the on prime of blocks, consistent to Clause eight.1 (A) (d) of the tender document, the auction technique for all of the on prime of mentioned four blocks stands off,” a notification issued by the state’s mineral resource department, board of directors of earth science and Mining, on New Style calendar month twenty six same.
Meanwhile, the Union mines ministry will host a gathering on Thursday to work out the standing of mineral auctions by states among successive 2 cash years. The meeting additionally can discuss ways in which to expedite renewal of mining lease applications unfinished at varied stages.

The agenda includes various problems along side mineral conservation and development rules, offshore area mineral concession rules, and progress in fixing district mineral fund and new mineral exploration policy.