Odisha Mine Auction 2020: Phase I Receives Aggressive Response
Odisha govt. had invited bids for grant of iron ore and manganese ore mining leases. The last date for submission of the bid for 1st phase was today in which 10 mines were put under hammer.
Nuagaon and Ganua iron ore leases are currently under the Ahluwalias, Thakurani iron ore block under Kaypee Enterprises and Essel Mining’s Jilling-Langalota iron ore block are among few major merchant blocks put up for auctions in this phase which are due to expire by March 31, 2020.
As per market sources report to SteelMint, 1st phase received an overwhelming and emphatic response from steelmakers, miners and pellet makers. Over 50 companies submitted their bids for the first round of the auction process.
Few key participants were JSW, Rungta, JSPL, Vedanta, Serajuddin mining, Fomento,KJS, Arcelor Mittal etc.
Odisha govt had invited bids for mine block auctions via three phases on 4th, 14 and 18 Oct'19. Apart from key iron ore mining leases expiring in 2020, few fresh mining leases Netrabandha Pahar, Chandiposhi & Purheibahal are also put up for auction.
source: SteelMint
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