No takers for Jammu and Kashmir lithium blocks in second bid: Report
The block was put up for auction in March, with May 14 as the cutoff for bids.
Jammu and Kashmir has not secured any bids in its second take on auctioning mining rights for lithium reserves discovered last year, Reuters reported citing a source.
The government had found the first lithium deposits in J&K with estimated reserves of 5.9 million tonnes.
The block was put up for auction in March, with May 14 as the cutoff for bids, even as it did not meet the minimum requirement of three bids in the first rounds in November, the newswire reported.
Talking to Reuters on condition of anonymity, the person in the know said that the block would most likely go to a government agency for exploration, as no bids were placed.
Reuters could not elicit a response in a timely manner from the Ministr of Mines.
The government last year listed 30 minerals as critical for cleaner energy, of which lithium was one.
RELATED ARTICLES
JLR Design Veteran Gerry McGovern to Exit, Launch Own Creative Consultancy
Exit comes after over 20 years of steering JLR’s design strategy across key brands and global repositioning
India Opens Global Bids to Build Rare Earth Permanent Magnet Industry
The Ministry of Heavy Industries has launched a tender process to establish 6,000 MTPA of domestic magnet manufacturing ...
IndianOil Draws the Line at XP-95 Amid Surging Global Crude Costs
The state-owned oil company has kept standard petrol and diesel prices unchanged in India, raising only premium petrol X...




By Autocar Professional Bureau
03 Jul 2024
2374 Views

Angitha Suresh