Here’s why 13 gold mines could be sold in Uttar Pradesh and Andhra Pradesh by the end of the month


By PTI IST (Released)

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Tender notices for these three gold mines in Uttar Pradesh were launched on May 21. The government announced in May that the auctioning of mining blocks had stabilized in the country.

The government plans to set up block 13 gold mines in the states of Andhra Pradesh and Uttar Pradesh in the current month as part of its efforts to boost the contribution of the mining sector to the country’s gross domestic product.

Of the 10 blocks in Andhra Pradesh, the auction of five blocks could take place on August 26, while the remaining five are expected to be put on the block on August 29, according to the latest government data.

Gold mines in Andhra Pradesh include Ramagiri North Block, Boksampalli North Block, Boksampalli South Block, Javakula-A Block, Javakula-B Block, Javakula-C Block, Javakula-D Block, Javakula-E Block, Javakula- F Block. Tender notices for these gold mines were issued in March.

In the case of the three remaining gold mines in Uttar Pradesh, the auction will take place this month. But no specific date was given. Of the three mines in the state, two gold mines – Sonapahari Block and Dhurva-Biadand Block – are in Sonbhadra.

Tender notices for these three gold mines in Uttar Pradesh were launched on May 21. The government announced in May that the auctioning of mining blocks had stabilized in the country.

The states auctioned 199 blocks of minerals as of August 4. The allocation of mineral blocks through auction started after an amendment to the Mining Law in 2015. In the last fiscal year, 45 mineral blocks were put up for sale.

State governments, the Center had said, get a very good share of the auction revenue and had pointed out that the states that entered the race first were really happy. The Ministry of Mines previously said that the change in mineral auction rules will encourage competition which will ensure greater participation in the sale of blocks.

The Department of Mines had notified the Second Amendment Minerals (Proof of Mineral Content) Rules, 2021 and the Fourth Amendment Minerals (Auction) Rules, 2021 to amend the Minerals (Proof of Mineral Content) Rules, 2021. Mineral Content), 2015 (MEMC Rules) and the Minerals (Auction) Rules, 2015 (Auction Rules), respectively. The amendment rules were developed after extensive consultation with states, industry associations, miners, other stakeholders and the general public.


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