Uttar Pradesh government has commenced the fourth phase of mineral block auctions on September 15 recently.
This is in a bid to harness the wealth of mineral resources within the state by the government led by Chief Minister Yogi Adityanath.
The Geology and Mining Department of the state will auction a total of 11 different mineral blocks in the fourth phase as part of the strategic mission of the government aimed at enhancing prosperity of UP.
Through this initiative, the state government is poised to attract substantial investments and generate employment opportunities on a significant scale.
The state government achieved notable success by successfully conducting auctions of four blocks in three phases, the officials said.
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UP eyes self-reliance in minerals:
According to department officials, for a long time, Uttar Pradesh was dependent on other countries for various minerals, which often posed challenges related to its supply within the state.
So, the state government decided to use its own resources to meet the state's needs, in addition to that of other states in the country. This will help stop imports while boosting export prospects in the state.
Besides, Uttar Pradesh will become self-reliant in the field of minerals while new employment opportunities will be available to the youth of the state through large scale investment.
10 mineral blocks to be auctioned in Sonbhadra:
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In the fourth phase, 11 mineral blocksare being auctioned. Of these, maximum of 10 blocks are in Sonbhadra, while one block is in Lalitpur in Bundelkhand. Sonbhadra includes 5 blocks of andalusite, 2 blocks of gold, and 1 block each of sillimanite, iron ore, and limestone whereas there is a block of iron ore in Lalitpur.
Notably, limestone plays a pivotal role in cement production, while iron ore is a vital component in the steel-making process, making these resources of paramount importance in various industries.
Prior to this, the government had conducted auctions in three phases in 2022 under the provisions of the Mineral Auction Rules, 2015, issued by the Government of India. In these auctions, three blocks were for the extraction of rock phosphate, a key raw material in the production of phosphate fertilizer, in Lalitpur.
Additionally, approval had also been granted for one block in Sonbhadra for the extraction of gold metal.
Four more blocks to be auctioned in October:
In addition to this, preparations are underway for the auction of four more mineral blocks in October. At the Government of India level, action is being taken to issue a global tender in October for one block related to the highly valuable platinum group metals found in Lalitpur district of Uttar Pradesh, one block of fertilizer mineral rock phosphate, and two blocks related to the mineral potash used in potash fertilizer production in Sonbhadra.
