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The Economic Times

Economy / The Economic Times

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Govt scraps auction of 9 critical mineral blocks citing poor investor response

Government cancels auction of nine crucial mineral blocks due to poor investor interest and a lack of qualified bidders. This setback hinders efforts to boost domestic production of minerals vital for energy security and clean-tech manufacturing. The cancellations, a recurring issue in previous rounds, highlight challenges in attracting private investment to riskier mining ventures with high costs and regulatory hurdles.

5 Jul 2026 10:12 am