Ministry of Mines briefs tender e-auction of critical and strategical mines blocks

The government of India under the supervision of the Ministry of Mines had issued the Notice Inviting Tender on 29 November 2023 under Tranche I of e-auction by the Central Government,  20 blocks of Critical & Strategic Minerals notified in Part D of the First Schedule of MMDR Act.

A total of 56 physical bids and 56 online bids were received for 18 blocks out of 20 blocks. Further, the e-auction process for 13 mineral blocks was annulled vide notification dated 13 March 2024, wherein no bids were received for 2 blocks and less than 3 Technically Qualified Bidders (TQB) were there for 11 blocks.

 

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Further, the second round of e-auction was scheduled for 6 blocks vide notification dated 13 March 2024.

Out of the 11 blocks annulled, 7 blocks have been notified for e-auction under tranche III vide Notice Inviting Tender dated 14 March 2024. The last date for the sale of the Tender Document is 16 May 2024 on or before 17:00 hours (IST) and the last date for submission of the bid is 21 May 2024 on or before 17:00 hours (IST) for the third tranche of auction.

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Another e-auction process under tranche II for 18 blocks is also ongoing. The last date for the sale of the Tender Document is 10 May 2024 on or before 17:00 hours (IST) and the last date for submission of the bid is 15 May 2024 on or before 17:00 hours (IST) for the second tranche of auction.

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