Mine auctions: Punjab Government to conduct fresh auction for mining sites
The state government of Punjab has announced fresh auctions for mining sites across the state. Government also notified major reforms to the auction framework under the amended Punjab Minor Mineral Rules.
As per the update, in Phase 1, the government has auctioned 29 new Commercial Mining Sites (CMS) through an open and competitive online bidding process. These are the first auctions in the state in the last 3 years, as the government is aiming for transparency and better revenue through lease.
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