Indian provinces to auction 20 iron-ore blocks

June 20, 2016

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Undeterred by poor investors’ response, a production glut and the large number of mines that remained closed, India’s Mines Ministry was hopeful that provinces would be able to auction another 20 iron-ore mines before end of current financial year in March 2017.
According to a Mines Ministry official, the 20 iron-ore mines would also include those that went unsold in the various provinces’ previous auction rounds.

Category: General