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Auction for iron ore mines in India

India's Bihar state begins auction process for iron ore mines.

Auction for iron ore mines in India
Bihar state government official said preparations had begun for the auction of iron ore mining sites in the state.
Commercial banker SBI Capital Markets was commissioned by the state government to prepare the terms and report of the auction, which will cover the delimitation and assessment of iron ore mining sites, the bidding process, the determination of reserve prices and eligibility criteria for bidders. This auction will be the first auction of an iron ore mining site in Bihar.
When Jharkhand broke away from Bihar and became an independent state in 2000, it became clear that all the iron ore mines operating in Bihar were part of Jharkhand.

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