PANAJI: The state government has reserved the right to sell or dispose of the dumps within the lease-bound areas.
The dumps, however, must be cleared within one year from the date of issuance of the intent letter to the successful leasehold bidder.
“The State Government reserves the right, but not the obligation, to appropriate and dispose of (whether by way of sale, auction or such other means as the State Government may, in its sole discretion, determine) all or any part of the dumps presently located within the Mineral Block,” the tender document specifies.
“Provided that such a right shall be exercised by the State Government no later than 12 months from the date of issuance of this Letter of Intent,” it says.
Meanwhile, it also clarified that the successful bidder will be entitled to dispose of the dumps if the State Government does not exercise its aforesaid right.
The four mining blocks contain over 100 million tons of fine ore.
The State Government yesterday had put up four mining blocks at Bicholim, Sirigao-Mayem, Monte de Sirigao and Kalay for auction.
The state cabinet had approved the appointment of MSTC e-commerce service, a Central government public sector undertaking, for the e-auctioning of mining leases in the state.