HomeTop StoriesIn a first, Rajasthan govt initiates e-auction for gold mines

In a first, Rajasthan govt initiates e-auction for gold mines

Jaipur, March. 6 (IANS) The Mines Department in Rajasthan has initiated an e-auction process for the state’s first gold mines in Bhukia-Jagpura and Kankaria-Gara areas in Banswara district, and made the tender document available on the Government of India’s MSTC portal, officials said here on Wednesday.

Now, a gold mine auction is going to be held for the first time in the state, the officials added.

Mines Secretary Anandi said that the department has completed all the formalities for the gold mine auction in less than a month, and has also released the e-auction programme on the MSTC portal and the website of the mines department.

There are large reserves of gold in the Bhukia-Jagpura area of Banswara. Signs of gold were seen here for the first time during the exploration done by geologists from the Geological Survey of India in their search for copper in this area.

After extensive exploration, a preliminary assessment of 113.52 million tonnes of gold ore was made in an area spanning 940.26 hectares, in which the amount of gold metal was estimated at 222.39 tonnes.

During the mining of gold ore here, co-minerals will also be extracted, Anandi added.

According to the e-auction programme, tender documents can be purchased till March 21. The last date for submission of technical bids is April 12, following which the auction will be held on May 2 for the mining licence for Bhukia-Jagpura gold mines, and on May 3 for the composite licence for Kankaria-Gara,

With the auction of gold mines, Rajasthan will now be on the world map as a gold mining state, said Anandi.

“After indications of gold ore were found during the initial exploration at Kankaria-Gara, a tender has been issued for an e-auction for further exploration. Kankaria-Jara has a potential of 1.24 million tonnes of gold ore in an area of 205 hectares. Along with gold, other co-minerals will also be obtained from these gold mines.

“This will create unprecedented opportunities for direct and indirect employment along with new investments in many industries, including electronic, petroleum, petrochemical, battery, airbag, etc. Also, new investments in the industries related to co-minerals will generate abundant opportunities for revenue and direct and indirect employment,” she said.

Mines Director Bhagwati Prasad Kalal said that interested persons can participate in the e-auction process by registering on the Government of India portal.

–IANS|

arc/arm

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular