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Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

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Indian State Chhattisgarh floats E-tender for auction of gold, diamond mines

21 july 2023

The state government of the State of Chhattisgarh has issued an e-tender for the allotment of three precious mineral blocks through an auction for prospecting.

The Chhattisgarh government issued a Notice Inviting Tender (NIT) for the allotment of one diamond mine and two gold mines located in the Kanker and Mahasamund districts through auction.

Anurag Diwan, joint director in the Directorate of Geology and Mining, said the demand for precious minerals has increased around the world, and keeping it in mind, the Chhattisgarh government was taking action to ensure its supply by developing these mines.

In the preliminary survey conducted in the area, the Geological Survey of India (GSI) hinted at the possibility of the presence of gold and diamonds.

The three mines are spread across 3000 hectares. Of it, Basna-2 Diamond Block in Mahasamund is spread over a 2,500-hectare area. Meanwhile, the Chanat-Jogidadar Gold and Associated Minerals Block in the Mahasamund district and Tumrisur-Garda 2 Gold Block in the Kanker district are spread across 176 and 240 hectares respectively.

The last date for purchasing tender documents is August 18, while the last date for submission is August 21, the official added.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished