India: Chhattisgarh invites bids for four iron ore blocks
Chhattisgarh government has identified four iron ore blocks to put up for auction, including North Bailadila A and Bailadila B in the left wing-extremism affected Dantewa...
Chhattisgarh government has identified four iron ore blocks to put up for auction, including North Bailadila A and Bailadila B in the left wing-extremism affected Dantewada region.
The blocks are now free, after the Centre amendment to the MMDR Act negating claims under Section 10(a) 2 (B) of the Act. The government tender notice put out by the Mineral Resources department of the Bhupesh Baghel's Chhattisgarh govt does not specify the reserves.
North Bailadila (Block A) is a 78 ha area, while Block B is a massive 452 ha. The two blocks had earlier been granted as a single one of 25.27 mt indicated resources, for Jindal Steel and Power Ltd to prospect. Sources in the Chhattisgarh government had told SteelMint they were "testing the waters" in this area that has been a challenge for companies to work in.
The other two blocks are the 23.72 ha Kalwar iron ore block in Kanker and the 150 ha Lohattar (Sonadehi) block in Kanker are also up for the taking. Last date for the purchase of tender documents is 29 September 2021 and the deadline for submission of bids is 3 pm, 30 September 2021.
Chhattisgarh's move could pave the way for other 10a2b cases (where private players held claim until the recent amendment) to be offered to the highest bidder. The Congress government in Chhattisgarh plans to auction 7 iron ore and 8 limestone blocks in the next few months. Their combined reserved union minister, Prahlad Joshi had tweeted in June, were estimated to be of 1192 million tonnes worth nearly INR 1.9 lakh crore.