Business

Govt to release draft changes in mineral auction rules in Aug

PTI

The Government will bring out proposed changes in mineral auction rules this month as it looks to make sale of mines more effective, a top official said on Friday. The Government looks to remove ‘small’ glitches in the rules highlighted by bidders and industry associations, Mines Secretary Arun Kumar was quoted as saying in a statement by Assocham.

“The mines ministry will bring out proposed draft changes to the Mineral Auction Rules, 2015, within August with a view to make mineral block auctions more effective thereby removing the small glitches highlighted by the bidders and industry associations....,” the statement quoted Kumar as saying.