Seven South Goa mineral blocks to be auctioned next month | Goa News – Times of India

Panaji: The state government has identified seven mineral blocks in South Goa to auction in the third round, likely to be held next month. South Goa’s mining leases will be put up for auction to boost the economy in the mining belts of Curchorem, Sanvordem, Sanguem, and Quepem.
The directorate of mines and geology has moved the file to the state government for the third mineral block auction. At present, nine mineral blocks have been put up for auction of which eight are in North and one in South Goa.
With seven mineral blocks due to be auctioned in South Goa, both districts have an equal number marked for auctioning.
CM Pramod Sawant has said that the state government will auction 25 mineral blocks and dumps. In the budget, Sawant had set a target of Rs 1,000 crore in revenue through the resumption of iron ore mining after auctions. Sawant had said that the resumption of mining will generate employment in the state.
“For the financial year 2022-2023, the state government will auction 25 mining blocks and dumps which are outside the mining lease areas,” he had said. In a move that will revert over 90% of Goa’s iron ore leases from mining companies and concessionaires, the state government has directed 159 leaseholders to vacate their leases within a month. Following this, hardly 20 iron ore leases will remain with leaseholders as their leases have not yet expired.
Mining in Goa halted in March 2018 following the decision of the Supreme Court which quashed the second renewal of 88 mining leases. Since then, the state government has been exploring all options to restart mining activities. Union home minister Amit Shah has recently said that mining activities will restart within a year.
The auction for five mineral blocks that started on Friday saw Fomento bag the Advalpale-Tivim block with the highest premium of 58.8% of the average sale price set by the Indian Bureau of Mines.
After successfully auctioning four blocks, the state invited bids for five more iron ore blocks in North Goa. These include blocks in Cudnem-Cormolem, Cudnem, Thivim-Pirna, and Surla-Sonshi, apart from Advalpale-Tivim.

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