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Centre asks Jharkhand to auction 10 mineral blocks, warns it will go ahead if state fails to do so

By Economic Times - 2 months ago
The Mines Ministry has instructed the Jharkhand government to sell 10 mineral blocks, including a gold mine, warning of potential federal auction if the state fails to comply. it cited exploration levels of G2 and G3. These blocks encompass a copper mine, limestone mine, and graphite mine. The Centre's 2021 mining rule amendment empowers it to sell blocks if states do not conduct auctions within agreed timelines. Jharkhand is currently behind in this regard.

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