
Goa government halts third phase of iron ore e-auction
The HinduFollowing a decline in global iron ore prices, the Goa government has decided to put on hold its third phase of iron ore e-auction till the market prices stabilise. The State has already auctioned approximately 1.7 million metric tons of ore over the last one month in two phases after the Supreme Court allowed the State to carry out e-auction of ore extracted prior to the October 5th ban on mining activities. The State would be auctioning 15 million metric tons of iron ore lying at jetties, leases, plots, beneficiary plants and port as per Supreme Court order. Meanwhile, in what is seen as a ray of hope for the barge sector reeling under the crisis of mining ban, Goa Barge Owners' Association, body representing barges operating in the ore transportation, said that Mr. Prasanna Acharya has asked interested barge owners to make necessary application to the Department by March 21 that they intend to do transportation of ore. Of the 260 barges which operated in the iron ore transport sector, 85 barges are ready to carry out transportation at any time, sources said.
History of this topic

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