JAIPUR: Contracts for collection of royalty will be issued through a bidding process and the mines department expects over Rs 550 crore from the auctions. A senior official of the mines and petroleum department said the auctions would be held from second week of September for 74 licences in 17 districts for various minerals.
The auctions will be conducted for royalty collection contracts, excess royalty collection, Rajasthan State Mineral Exploration Trust, District Mineral Fund Trust, permit and weighing of minerals. The royalty will be collected from minerals like soapstone, sandstone, marble, silica sand, limestone, quartz, feldspar, bentonite and mica, etc.
Additional chief secretary (mines and petroleum) Subodh Agarwal said, “As per the base price of various contracts, the state would get a minimum of Rs 564 crore from the auctions and the additional revenues will depend on the premium bidding.”
The auctions will be held on September 7-10 and again on 29th of the month.
For those contracts having more than Rs 10 crore, the successful bidder will be required to set up computerized weighing machine on his own expenses.
The auctions will be conducted for royalty collection contracts, excess royalty collection, Rajasthan State Mineral Exploration Trust, District Mineral Fund Trust, permit and weighing of minerals. The royalty will be collected from minerals like soapstone, sandstone, marble, silica sand, limestone, quartz, feldspar, bentonite and mica, etc.
Additional chief secretary (mines and petroleum) Subodh Agarwal said, “As per the base price of various contracts, the state would get a minimum of Rs 564 crore from the auctions and the additional revenues will depend on the premium bidding.”
The auctions will be held on September 7-10 and again on 29th of the month.
For those contracts having more than Rs 10 crore, the successful bidder will be required to set up computerized weighing machine on his own expenses.
