Business Standard

Mines ministry's ultimatum to states: Explore lapsing blocks by December

Of 288 blocks expiring by March 2020, 59 are operative

India had produced more than 200 mt of iron ore in 2010-11
Premium

India had produced more than 200 mt of iron ore in 2010-11

Jayajit Dash Bhubaneswar
The Union mines ministry has told all states to ensure exploration is complete by this December of mineral leases expiring by March 31, 2020. It has also reminded them, yet again, to initiate the process of title re-auction of these blocks by July 2019, to ensure no shortfall in raw material and a seamless transition in their ownership.

The ministry’s data shows 288 leases for iron ore, chromite, limestone, manganese, bauxite, graphite, limestone, garnet and kyanite are due to lapse by end-March 2020. Goa has the highest number, 120; then come Karnataka and Odisha with 45 and 31 mining leases, respectively.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in