The Business Bytes
TBB BUREAU
NEW DELHI, DEC 21, 2023
The Union Ministry of Mines on Thursday said that it will be conducting a pre-bid conference for the first tranche of auction of critical and strategic minerals on Friday at Dr. Ambedkar International Centre here in hybrid mode.
The Ministry of Mines launched the first tranche auction of 20 critical and strategic mineral blocks on November 29.
These blocks are in eight states and union territories viz, Bihar, Chhattisgarh, Gujarat, Jharkhand, Odisha, Tamilnadu, Uttar Pradesh and Jammu and Kashmir.
The minerals being put up for auction are Glauconite, Graphite, Potash, Nickel, PGE, Lithium, REE, Molybdenum, and Phosphorite.
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.
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 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 at www.mstcecommerce.com/auctionhome/mlcl/index.jsp.
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.
