Vedanta, Oil India, Hindustan Zinc emerge top bidders in mineral auctions

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The round also marked the successful auction of tungsten and cobalt blocks for the first time.

In mining, the auction premium reflects the additional percentage or revenue share a mining company agrees to pay the government over and above the base royalty.

The Ministry of Mines on Thursday announced the preferred bidders for eight critical mineral blocks awarded in the fourth round of auctions.

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Category: BusinessFinance

Markets: India

Topics: Vedanta Endolin-Isholin Graphite Block Depo Vanadium Block Auction premiums Balepalyam Tungsten Block Radhpu Graphite Block Nayakkarpatti Tungsten Block Phop Graphite Block Barwar Phosphorite Block Orissa Metaliks Sanyasikoppa Cobalt Block Critical minerals Mineral Auction Amendment Rules 2024 Oil India Mamco Mining Mineral blocks Mineral auctions Hindustan Zinc India mineral auction Critical minerals in India Domestic mineral production

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 14:08:01 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 445 words

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Sentences: 19 lines

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Copyright Owner: © Business Standard

News ID: 23468785

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