Monday, December 23, 2024 | 10:24 PM ISTEN Hindi

Home / Economy / News / Critical, strategic mineral auctions hit a roadblock: Why the delay?

Critical, strategic mineral auctions hit a roadblock: Why the delay?

A Ministry of Mines order dated May 21 announced that the deadline for the 25 critical mineral blocks listed in the second and third rounds has been postponed from June 11 and June 28 to July 18

Premium

Representational Image

Nitin Kumar New Delhi

4 min read Last Updated : May 26 2024 | 11:07 PM IST

India’s maiden auction for critical and rare earth minerals is facing another setback due to a delay in selecting preferred bidders in all the three rounds.

A Ministry of Mines order dated May 21 said the deadline for the 25 critical mineral blocks listed in the second and third rounds had been postponed from June 11 and June 28 to July 18.

Business Standard has reviewed a copy of the order.

This decision follows the government’s move in March to scrap the auction process for 13 out of 20 blocks offered in the first round due to limited interest from

Topics : Indian Economy mineral auction

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