News Karnataka
Sunday, April 14 2024

Auctioning of mining contract to fetch state Rs 10,000 cr

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Dharwad: Minister for Mines and Geology Vinay Kulkarni has said that the State is expecting a revenue of Rs 10,000 crore from the auctioning of mining contracts.

Speaking with mediapersons here on Thursday, the minister said that the auction process of the ‘C’ category mining contracts, which begun, as per the Supreme Court order is expected to be over by the end of January.

The minister said that the existing mining companies should strictly adhere to the new mining policy. The companies, which were issued mining lease earlier, had flouted rules.

The government, this time, has taken steps to follow the guidelines laid down by the Supreme Court and the CEC in protecting the environment, the minister said.



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