Chhattisgarh govt confirms one bauxite block ready for auction; more blocks to be explored

AL Circle

In a bid to enhance production, Chhattisgarh Mineral Development Corporation Ltd. (CMDC) has sought forest land diversion of 99.35 hectares of land in the state. The Corporation intends to carry out detailed exploration of more number of bauxite blocks and develop Pathrai Bauxite mines in the state.

The government has confirmed one bauxite block ready for auction.

{alcircleadd}

Chhattisgarh bauxite mines

The Central Ministry of Mines has been monitoring the process from close quarters; Consensus had it that Mineral Auction Rules be amended so that the auction process becomes more systematic and logical while still retaining checks on the successful bidders.

The Rules were amended last year on November 30. The new rules allow the states the flexibility to allocate a certain mineral block in the 2nd round unlike earlier when flexibility was allowed only in the 4th round.

Further, the new Mineral Auction Rules allow miners to dispose of 25 per cent of the ore dumps not otherwise used for captive purposes, thereby facilitating zero waste mining and optimal utilisation of minerals.

Chhattisgarh accounts for 5 per cent of India’s estimated bauxite reserves of 593 million metric tonnes. The state is home to high quality metallurgical grade bauxite, a characteristic of the eastern coast.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.

Related
Business Leads
We are looking for bauxite. Specification : AL2O3 content ≥...
06 Nov 2024 Buying request

We have a high deposit amount of Bauxite in north Kivu provi...
22 Aug 2024 Selling offer

We are interested in buying bauxite every two months. Desti...
22 Aug 2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads