Coal Minister announced reimbursement of transaction advisor fee for mineral auctions
Auctioning the 52 blocks by States will not only improve their mineral economy but also create employment for locals.
Union Coal Mnister Shri Pralhad Joshi addressed the 5th national conclave on mines and minerals on November 23, 2021
New Delhi: Union Coal Minister Shri Pralhad Joshi addressed the 5th national conclave on mines and minerals on November 23, 2021. At National Conclave he announced reimbursement of transaction advisor fee for mineral auctions.
- 100% transaction advisor fee to be reimbursed in case of successful auctioning
- 50% fee to be reimbursed in case of unsuccessful auctioning
He further handed over 52 mineral blocks to various State Govts in the 5th National Conclave On Mines And Minerals today. These G4-level blocks have been identified by the Geological Survey of India and can be put up for auction by States.
These mineral blocks are located across 15 States, comprising several types of mineral deposits.
Auctioning these 52 blocks by States will not only improve their mineral economy but also create employment for locals.
Some of these States are:
?? Chhattisgarh got 1 diamond, 2 gold, 1 limestone, 1 bauxite & 1 lithium blocks
?? Madhya Pradesh got 2 phosphorite, 2 base metal, 2 limestone, 1 manganese & 1 molybdenum blocks
?? Odisha got 2 manganese & 3 iron blocks
Read Also : RailTel signs MoU with Quadrant Future Tek LimitedNews Must Read
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
- GE Power received orders from two state-owned PSUs and one JV entity
- SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
- BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
- Nilendu Kumar Singh assumes charge of CMD, CCL
- IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore
- REC Limited declares financial results, records highest ever annual net profit
- NHPC Limited to collaborate with Norwegian company