The State Government on Thursday signed an MoU with the SBI Capital Markets ltd (SBICAP) and the MSTC limited (a Central PSU) to take the mining auction process ahead.
While the SBICAP has been appointed as the transaction adviser for the process, the MSTC ltd would provide the online platform. Mines Director Deepak Mohanty said notification for auction of two blocks would be issued initially. Meanwhile, the Government has approved tender documents of two iron ore mines which would go for auctioning in the first phase. A total of 12 mines would be auctioned, of which Differential Global Positioning System (DGPS) survey of two is yet to be completed.
“Government notification will be out for auction of two iron ore mines in the next week hopefully,” said Mohanty.