Chhattisgarh has become first state in the country to e-auction minor mineral mines.

The state government auctioned the Bharda dolomite mine located in Bilaspur district through the e-auction route. The mine having an estimated reserve of about 1.5 million tonnes is spread across 3.80 hectare area.

“As against the reserve price of Rs 15 per tonne, the bidders quoted highest price of Rs 154 per tonne,” Reena Kangale, Mining Director, said. The auction money is two times the royalty fixed for dolomite at Rs 75 per tonne.

The state exchequer would get Rs 18 crore as auction money. Besides royalty of Rs 9 crore, the mine would contribute Rs 90 lakh to the district mineral fund (DMF). The company bagging the deal had been granted composite licence that includes prospecting licence (PL) and mining licence (ML). Read More