INVC NEWS
New Delhi : The government has started preparations for e-auction of 7 important mineral blocks. The last date for sale of tender documents for bidding has been fixed as May 16 and the last date for submission of documents has been fixed as May 21. The ministry has said that these 7 blocks are part of the 11 blocks whose auction was canceled earlier.
Apart from this, the e-auction process under installment 2 is also going on for 18 blocks. The last date for sale of tender documents is 10 May 2024 and the last date for submission of bids is 15 May. The ministry said that the second round of e-auction for 6 blocks has been completed as per schedule.
The decision on Kundol Nickel and Chromium Block of Gujarat will be taken by the designated officer in due course. Critical minerals such as lithium, chromium, nickel, graphite, cobalt, titanium and rare earth elements (REEs) are essential for India’s economic growth and national security. At present the production of these minerals is dominated by a few countries like China.
