By Our Correspondent
BHUBANESWAR: The Ministry of Mines, Government of India will be conducting a Pre-bid Conference for the 1st Tranche of auction of critical and strategic minerals on 22nd December 2023 at Dr. Ambedkar International Centre, New Delhi, 11:00 AM onwards in hybrid mode.
On 29th November 2023, 1st Tranche of auction of 20 critical and strategic mineral blocks was launched by the Minister of Mines. These blocks are in 8 States and UT viz, Bihar, Chhattisgarh, Gujarat, Jharkhand, Odisha, Tamilnadu, Uttar Pradesh and Jammu and Kashmir. The minerals which are on auctions are Glauconite, Graphite, Potash, Nickel, PGE, Lithium, REE, Molybdenum, and Phosphorite. This conference would help the industry, potential bidders, and various other stakeholders, to reach out to the Ministry of Mines for resolution of relevant queries.
The conference will be chaired by Dr. Veena Kumari Dermal, Joint Secretary & Designated Officer, Ministry of Mines. MECL – Technical Advisor, SBI Capital Markets Limited – Transaction Advisor and MSTC – Auction Platform Provider will present about block details, auction procedure and on the auction platform.
The last date of responses to queries is 5th January 2024, last date of sale of Tender Document is 16th January 2024 and last date of bid submission is 22nd January 2024. Thereafter, e-auction will commence for selection of preferred bidder. Details of the mineral blocks, auction terms, timelines etc. can be accessed on MSTC auction platform
The Ministry is committed for ensuring the successful auction of critical mineral blocks, aligning with its overarching vision of attaining self-sufficiency in the realm of critical and strategic minerals.
