Ministry of Mines briefs tender e-auction of critical and strategical mines blocks
The second round of e-auction was scheduled for 6 blocks vide notification dated 13 March 2024.
![Ministry of Mines briefs tender e-auction of critical and strategical mines blocks](https://www.psuconnect.in/sdsdsd/critical_mines.jpg)
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.
Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail depositsAnother 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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