Odisha Auction 2020 : 14 Companies in Race for RP Sao Guali Iron Ore Mines
Odisha govt had invited bids for grant of Guali iron ore mining lease having EC of 5.7 MnT pa. Due date for submission of the technical bid was 20 Feb'20 following which opening of technical bids is scheduled today and conduct of ascending forward electronic auction and submission of Final Price Offer is scheduled on 17-18 Mar'20.
According to trade sources report to SteelMint, 14 companies have participated in the submission of technical bids. The companies who have participated are – Serajuddin, MSPL Ltd, TP Sao, Appaloft, JSW Steel, Jindal Steel, and Power Ltd (JSPL), Fomento Resources, Essel Mining, Vedanta Ltd, Rungta Mines, KJS Ahluwalia, Adani Pvt Ltd, Sarda Energy and Minerals, ArcelorMittal.
The mine is spread on area of 365.026 Ha and has geological resources of 198.741 MnT.
Earlier towards early Dec’19 Ministry of Mines, Govt of India had notified Odisha Mineral Exploration Corporation Limited (OMECL) as a separate legal entity to undertake operations of R P Sao mines (Guali) Iron Ore Block in pursuance of the second proviso to sub-sect. But later in Jan'20, Odisha govt under Section 10 (B) of the Mines and Minerals (Development and Regulation) Act, 1957 and in accordance with the amended mineral (auction) Rules, 2015 invited bids for grant of the lease.
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
Glencore posts lower metals output for first nine months, reiterates outlook
Mercuria eyes equity in African assets, new metals boss says
Solidcore to buy 55% stake in Kazakhstan’s Syrymbet tin deposit for $82.5m
Traders see gold as a surefire bet as coin-toss election looms
Gold price surge adds glitter to tarnished miners
Environmentalists sue over US approval of ioneer’s Nevada lithium mine
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