Auction of mines may start by October and November: Tomar

By Abha Manakatala - Sat Aug 22, 10:53 am

Representational Picture

Representational Picture

Mineral-producing states are expected to start auction of mines by October and November, Union Steel and Mines Minister Narendra Singh Tomar said in Delhi today.

He told reporters, “I feel mining auction will begin in October and November. I have spoken to all the Chief Ministers of the mineral-producing states, and the process has started there.”

Tomar also said the government is in the process of finalizing the guidelines of the District Mineral Foundation (DMF) as well as the miners’ contribution to it and will notify them very soon.

“DMF rules are being framed and it will be done soon. The amount of contribution will also be decided soon,” he added.

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