Union minister Pralhad Joshi on Wednesday said the Centre is contemplating stringent provision in the Mining Act so that non-serious players are terminated and barred from the auction of mines in the future.
While addressing the 15th edition of Global Mining Summit and International Mining & Machinery Exhibition, coal and mines minister Joshi said that recently Odisha has completed the successful auction of large number of iron ore mines.
However, some of the successful bidders are trying to evade the process of auctions by delaying the production, he informed.
“Such cases will be dealt seriously, and in coordination with the state government, we are contemplating to bring stringent provision in the Act so that non-serious players are terminated and barred from future auctions,” the minister said.
