As per its promise, the State Government would issue a notification for auction of one iron ore mine out of total 10 identified mines on Wednesday.
Steel and Mines Minister Prafulla Mallick said this to reporters here on Tuesday.
He said auction process for the rest nine mines would be completed by December-end.
Of the 12 mines identified for the auction in the first phase, the survey for the differential global position system (DGPS) has been done for 10 mines.
The mines to be auctioned in the first phase are the Ghoraburrhani- Sagasahi-east iron ore block, Jhuma-Patriposi iron ore block, Pureibahal-Bada Indupur-Chandiposhi iron ore block, laserda-Pacheri manganese block, Ballada bauxite block, Dholtapahar iron ore block, Baliapahar iron ore block, Khatkurbahal limestone block, Garramura limestone block and Jampalli-Pikiri Jharan limestone block.
Notably, the State Government has already signed MoUs with the SBI Capital Markets ltd (SBICAP) and MSTC limited, a Central PSU, on Wednesday to take the mining auction process ahead.
While SBICAP, a subsidiary of SBI, has been appointed as the transaction adviser for the process, MSTC ltd will provide the online platform.