From the e-auctioning of extracted iron ore, the Goa government is expecting to earn a revenue of Rs 1,500 crore. The iron ore is lying at various jetties and mining sites in the state as the mining ban in imposed by the Supreme Court.
However, the Supreme Court, in an interim order issued yesterday had approved setting up of a monitoring committee which will verify the quantities of ore extracted by mining companies before the mining ban and lying on leases and jetties in the form of stacks presently.
The Goa Chief Minister Manohar Parrikar said that nearly 11.48 million tonne of extracted ore is lying unused at various jetties, which can be e-auctioned as per the apex court. state will have nearly 15.3 mt of ore ready for e-auction which will generate total revenue of Rs 10,000 crore.
The apex court had ordered that the stock be e-auctioned and the money be deposited in a bank account where its disbursement to the ore owner would be done after the final order on the petition in connection with the illegal mining in Goa.