India’s Nalco to bid for bauxite blocks at auctions, readies to foray into merchant mining

With various Indian state governments readying to put 21 bauxite mines up for allocation, State-run National Aluminium Company Limited (Nalco) will put in bids at the auctions for captive consumption and foray into merchant mining of the raw material. The 21 bauxite blocks will be auctioned by the governments of Jharkhand, Chhattisgarh and Madhya Prades.