Monday 22 June 2015

Otmane El Rhazi : India's Mines Ministry keen to get auctions going but provinces not ready

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

The India federal government is keen to set the ball rolling for the auction of mineral resources in the current financial year, but provincial governments are not ready yet. Two of the critical issues are an inability to fix the floor and reserve price and the contention of several local governments that mineral resource blocks should be offered along with all mandatory clearances to ensure optimal bids.

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