Union Coal and Mines Minister G. Kishan Reddy will launch the 7th Tranche of Auction of Critical and Strategic Mineral Blocks tomorrow. 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, fertilizers and strategic industries.

Ministry of Mines said that auction will be conducted online through a transparent two-stage ascending forward auction process, wherein the successful bidder will be selected based on the highest percentage of value of mineral dispatched quoted. It noted that as of now, the Ministry has launched six tranches of auctions, with 46 critical and strategic mineral blocks already auctioned.