Goa Invites Second Round of Bids for E-Auction of Five Iron Ore Mining Lease in the State

The state government of Goa has announced a second round of mining auctions in Goa, wherein the state government has put up five additional mining blocks for sale. All of these blocks, located in North Goa, are previously operational mines that were affected by a mining ban in 2012.

Interested parties have until March 17 to purchase the tender document, and March 27 to submit both technical and financial bids for the five blocks: Advalpal-Tivim, Cudnem Cormolem, Cudnem, Tivim Pirna, and Surla-Sonshi.

During the first round of auctions in December of the previous year, Goa completed the bidding process for four blocks, three of which were awarded to companies that had previously held the leases. Vedanta, NS Bandekar, and Fomento retained their leases, while the only change occurred in the Sirgao-Mayem block, which went from Chowgule and Co. to Salgaocar Shipping.

Furthermore, the state government has partnered with the public sector enterprise Mineral Exploration Consultancy Ltd to obtain geological reports on the mining auctions. As per reports by the state government officials, the export duty on low-grade iron ore has been restored to zero from 50% as the duty was during the first auction.

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