Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore mines across the eastern Indian province of Orissa would not be ready for auction for a number of years year, despite the federal government’s intentions to start the process by mid-2015. According to a provincial government official, the Mines, Minerals Development and Regulation Ordinance 2015, issued by the government last month providing the legal framework for auctioning of all mineral resources, stipulated that quantum of mineral deposits of each mine had to be assessed and determined before each block was put up for auction.
Iron-ore mines across the eastern Indian province of Orissa would not be ready for auction for a number of years year, despite the federal government’s intentions to start the process by mid-2015. According to a provincial government official, the Mines, Minerals Development and Regulation Ordinance 2015, issued by the government last month providing the legal framework for auctioning of all mineral resources, stipulated that quantum of mineral deposits of each mine had to be assessed and determined before each block was put up for auction.
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