Indian provinces to auction 20 iron-ore blocks

Undeterred by poor investors’ response, a production glut and the large number of mines that remained closed, India’s Mines Ministry was hopeful that provinces would be able to auction another 20 iron-ore mines before end of current financial year in March 2017. According to a Mines Ministry official, the 20 iron-ore mines would also include those that went unsold in the various provinces’ previous auction rounds.