The Government of Odisha (formerly Orissa) regularly conducts auctions for mining leases, particularly for minerals like iron ore, manganese, chromite, bauxite, and other major and minor minerals. These auctions are conducted under the Mines and Minerals (Development and Regulation) Act, 1957 (MMDR Act) as amended in 2015 and subsequent rules.
Key Points on Odisha Mining Auctions:
1. Auction Authority
– The auctions are conducted by the Odisha Mining Corporation (OMC) or the Directorate of Geology & Mining, Government of Odisha.
– For major minerals (like iron ore), auctions are held under the MMDR Act.
– For minor minerals (e.g., sand, stone), auctions are managed by district authorities.
2. Recent Auctions
– Odisha has auctioned several iron ore, manganese, and chromite blocks in recent years.
– In 2023-24, multiple mining blocks were put up for auction to boost revenue and ensure transparency.
3. Process & Eligibility
– Interested bidders must submit technical and financial bids.
– Eligibility criteria include financial capability, mining experience, and compliance with environmental norms.
– Auctions follow a forward bidding (ascending) process where the highest bidder wins.
4. Revenue & Transparency
– Auction proceeds contribute significantly to state revenue.
– The process is monitored to prevent cartelization and ensure fair competition.
5. Upcoming Auctions
– Check the official website of the [Directorate of Geology & Mining, Odisha](https://dgmorissa.gov.in/) or [OMC](.jpg)
ps://www.odishamining.com/) for latest notifications.
How to Participate?
– Register as a bidder on the relevant portal.
– Submit necessary documents (PAN, financial statements, technical expertise proof).
– Bid as per auction schedule.
Would you like details on specific mining blocks or recent auction results?