The central government has allocated the Majos and Bhanta magnetite blocks situated in the Jamui district of Bihar to the state government reported Jagran. A combined e-auction will be held for both mineral blocks. Based on the recommendation of the Tender Approval Committee (TAC) and the proposal from Phase 2 for their joint auction the state government has decided to move forward with the request. According to the Jagran report the state government has established a reserve price of Rs 4325.76 crore for the two mineral blocks. The central government had allocated three large mineral blocks to Bihar - the Majos Magnetite Block and the Bhanta Magnetite Block in Jamui district and the limestone block of Bhora-Katora in Rohtas district the report mentioned. Previously the estimated reserve price was also reserved at Rs 3817.60 crore for the Majos Magnetite Block Rs 511.91 crore for the Bhanta Block and Rs 1761.42 crore for the limestone block of Bhora-Katora. The department stated that the auction of these blocks began with a successful auction for the Bhora-Katora block in Rohtas. However when the initial bids for Majos and Bhanta were opened there were fewer than three technically qualified bidders. Consequently the tender process was cancelled altogether. When the auction process commenced again it was decided to auction both Majos and Bhanta together since both are located in the same district and have the same type of mineral. The Tender Approval Committee made the decision to auction the two mineral blocks together. The government anticipates that these two blocks could produce 54.89 million tonnes of minerals with a reserve price of ₹4325.76 crore. Sources indicated that after new procedures are fully articulated in full an auction of said two mineral blocks will be held in the near future.