Goa Iron Ore

The Goa government has completed the first phase of auction of mining blocks with four companies winning bids for the extraction of ore from different mineral rich stretches of the coastal state, an official said on Thursday. The state Directorate of Mines and Geology (DMG) had conducted the e-auctioning process which will pave way for the resumption of the state's iron ore mining industry in the state. The industry, which used to be one of the major revenue earners for the state, had come to a standstill in 2018 after the Supreme Court quashed 88 mining leases. The first phase of auctioning of the mining blocks has been completed. All the four blocks are assigned to the successful bidders, a senior DMG official told PTI. He said Vedanta Limited had won the bid for Bicholim-Mulgao mining block (North Goa) which has got more than 84 million tonnes of the iron ore reserve. Salgaocar Shipping Company Pvt Ltd won the bid for Shirigao-Mayem mineral Block in North Goa. The mine has more

Mining has been standstill in Goa since early 2018 after the Supreme Court cancelled 88 leases and prohibited the extraction of fresh ore

Days after the Centre hiked the duty on exports of iron ore to 50 per cent, the Goa government has urged the Union finance ministry to bring down the duty on low-grade ore to 'nil'

Amit Shah assured that the iron ore mining industry in Goa will start functioning with "double force" through a transparent auctioning process after the elections

In a major relief to mining firms, the apex court modified its earlier order and permitted transportation of already mined iron ore lying unused at various sites in the state.

The apex court had directed the state government to grant fresh licences in accordance with mining laws

Goa has witnessed resumption of mining activities after a long standing ban owing to allegations of illegal mining

Iron ore export is all set to resume from Goa following a Budget 2016 proposal to abolish export duty on it