The has put up over 2 million tonnes of iron Ore for the e-auction scheduled on August 27, to generate revenue for the state. This is the 26th e-auction, and will be conducted by the directorate of mines and geology.
The iron ore which has been put up is currently lying at various mines, plots and jetties including Pissurelem, Kotambi, Rivona, Navelim, Tudou, Pale, Uguem, Shigao, Sonus, Trimurthy, Cudmen, and Tollem.
At the 25th e-auction conducted in March, only 70% of the ore lying at jetties and Ports found takers. Around 1 million tonnes (of the 1.6 million tonnes) of ore was purchased.
The state government has been conducting e-auctions of iron ore to generate revenue for the state treasury, which has been facing a crisis due to the Covid pandemic. Chief minister Pramod Sawant, in his budget speech, said that the state would generate revenue of around Rs 500 crore from mining.