One applicant can submit only a single bid in an auction of a mineral block, and none of its affiliates will be allowed to enter the same auction, according to the mines ministry’s draft auction rules for strategic and critical minerals. Strategic and critical minerals include lithium, molybdenum, niobium, platinum group of minerals, potash and rare earth elements.
If a bidder submits more than one bid in an auction of a mineral block, or an affiliate submits bid in the same auction where such bidder has already submitted a bid, the government will reject both bids, the draft rules showed.
"The rules for auction are clearly to allow focused approach in exploration of critical and strategic minerals that hold importance for the country. The best and serious bids would be secured only if single option is provided to an entity for any mineral block," said an official aware of the development.
この記事は Mint Mumbai の December 13, 2023 版に掲載されています。
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この記事は Mint Mumbai の December 13, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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