Ministry of Mines has successfully completed e-auction of another two mineral blocks under tranche IV (NIT dated June 24, 2024) of the e-auction of critical & strategic mineral blocks. This is in addition to the announcement on November 7, 2024, regarding the preferred bidders for eight mineral blocks under Tranche IV of e-auction by Central Government, bringing the total number of successful blocks in Tranche IV to ten.

Key details of the additional two successful blocks of Tranche IV of Auction are:

Sl. No.	Name of the Block	State	Mineral Name	Concession Type	Name of the Preferred Bidder	Final Price Offer (%)
1	Ponchi Graphite Block	Jharkhand	Graphite	ML	Satguru Mining Private Limited	752.05%
2	Vadakhol-Asoli Ni, Cr, Co and Associated Mineral Block	Maharashtra	Ni, Cr, Co and Associated Mineral	CL	Assam Mineral Development Corporation Limited	07.05%

 

These blocks are located in Jharkhand and Maharashtra, with mineral commodities of Graphite and Ni, Cr, Co, and Associated Minerals.

With the completion of Tranche IV, the Central Government, through the Designated Officer, has successfully completed four tranches of e-auction. These include NITs dated November 29, 2023 (20 blocks), February 29, 2024 (18 blocks), March 14, 2024 (7 blocks in a second attempt), and June 24, 2024 (10 fresh blocks and 11 re-auctions). Out of 48 blocks put to e-auction, 24 have been successfully auctioned, including 4 Mining Lease (ML) and 20 Composite License (CL) blocks.

This milestone underscores the government's commitment to realizing Prime Minister Narendra Modi's vision of Atma Nirbhar Bharat by ensuring a reliable supply of critical minerals essential for India’s energy transition, industrial growth, and global competitiveness. The Ministry of Mines expresses its gratitude to all stakeholders for their active participation, which has been instrumental in advancing sustainable development and strengthening India's mineral security. This collaborative effort lays a strong foundation for a self-reliant India, driving progress across key sectors like electronics, defense, and renewable energy.

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