NewzVille Desk
India’s Ministry of Mines will launch the 7th Tranche of Auction of Critical and Strategic Minerals on Monday.
The 7th Tranche will offer 19 blocks across several states under Mining Lease and Composite Licence. These blocks comprise a diverse basket of minerals essential for sectors such as clean energy, advanced technologies, fertilisers, and strategic industries.
The auction will be conducted online through a transparent two-stage ascending forward auction process, with the successful bidder selected based on the highest percentage of mineral value dispatched.
So far, the Ministry has launched six tranches of auctions, with 46 critical and strategic mineral blocks already auctioned.
