Post News Network
Bhubaneswar, Dec 16: The state government Wednesday signed an agreement with the central public sector undertaking Metal Scrap Trade Corporation (MSTC) Ltd to facilitate online auction of mines. “Today (Wednesday), we have signed an agreement with MSTC for online auction of mines in the state,” Director of Mines, Deepak Mohanty said. The corporation will provide the infrastructure required for online auction of non-coal mines in a transparent manner.
The state government will also sign an agreement with SBI Capital Markets Ltd (SBI Caps), a fully owned subsidiary of State Bank of India as its transaction advisor for the auctioning of mines in the state Thursday, he said. The transaction advisor would assist the state government in fixing floor price for auctions, sources said.
According to sources, the state has decided to issue notification for auctioning of mines by the end of this month. It has identified 12 mines for auction in the first phase, out of which survey for the differential global position system (DGPS) has been completed in 10 mines. Survey of remaining two mines has not been conducted due to law and order problems.
Blocks which are likely to be auctioned in the first phase are Ghoraburrhani- Sagasahi-east iron ore block, Jhuma-Patriposi iron ore block, Pureibahal-Bada Indupur-Chandiposhi iron ore block, Laserda-Pacheri manganese block, Ballada bauxite block, Dholtapahar iron ore block, Baliapahar iron ore block, Khatkurbahal limestone block, Garramura limestone block and Jampalli-Pikiri Jharan limestone block among others.