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

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Article Type: News Report

Published On: 2024-11-08 @ 14:08:01 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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