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
Top News
Five last month
Two last year
US Energy Dept finalizes $2.26bn loan for Lithium Americas’ Nevada mine
Abandoned copper mines embraced as fast track to boost output
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Mercuria eyes equity in African assets, new metals boss says
Glencore posts lower metals output for first nine months, reiterates outlook
Gold price surge adds glitter to tarnished miners
Traders see gold as a surefire bet as coin-toss election looms
Anglo American sells Australian coal JV stake for $1.1 billion
Gold price shows little reaction to jobs data
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
Liberty Gold advances Black Pine project permitting
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years
St Barbara raises $73m to fast-track Simberi sulphide production
Copper price sees biggest drop since May as Trump’s win boosts dollar
Sibanye agrees wage deal for its gold operations, union says
China’s industry ministry plans to step up lithium, cobalt, nickel exploration
China zinc smelter group sets processing fees for Q1 2025
Brazil prepares to remove illegal Amazon gold miners from Munduruku land
Anglo American sells Australian coal JV stake for $1.1 billion
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Ecuador to reopen mining register for first time in over six years