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Central Govt to auction 13 mineral blocks

Tuesday, 20 Aug 2019
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Central government will auction 13 mineral blocks, including Bunder diamond mine in Madhya Pradesh in September 2019.

The Bunder diamond mine in Chhatarpur district of Madhya Pradesh has reserves of around 34.20 million carats of diamond.

Two gold blocks, Chakariya mine at Singrauli and Imaliya gold block at Katni in Madhya Pradesh, are among the 13 to be auctioned.

Moreover, the government has plans to auction mines of limestone, base metal, bauxite and graphite.

So far the government has auctioned 68 mineral blocks which are likely to accrue an estimated revenue of Rs 1.99 lakh crore to state governments over 50 years.

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