Goa govt eyeing Rs 500 cr revenue via e-auction of unclaimed iron ore dumps

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Goa govt eyeing Rs 500 cr revenue via e-auction of unclaimed iron ore dumps - Business Standard

Quick Summary:

The state government on Thursday approved the revised Goa Iron Ore Mining Dump Handling Policy, 2023, which allows it to e-auction unclaimed ore lying in the form of dumps at various private locations in the state.The iron ore mining.a major source of revenue, has been halted in the coastal state since 2012 following a Supreme Court order.

With the approval for a revised policy, the Goa government is eyeing a revenue of about Rs 500 crore from e-auction of unclaimed iron ore heaps lying on private lands, Chief Minister Pramod Sawant said on Thursday.

The iron ore dumps, which have been lying at various locations in the state, have remained untouched since mining operations stopped in 2012.