Odisha Govt has started technical qualification round on 29th Jan 2020 for iron ore and Manganese mines which have their lease expiry on 31st March 2020.
As per the sources, there were six technically qualified bidders for the Nuagaon iron ore mine block. The mine fetched the highest premium of 89.4% from JSW Steel in the technical round, as per sources.
Odisha govt. is expected to announce technically qualified bidders for other mines one after other gradually in the coming days.
| Name of the Block | Technically Qualified Bidders |
| Nuagaon Iron Ore Block | Rungta and sons Ltd |
| Arcelor Mittal India Pvt Ltd | |
| JSW Steel Limited | |
| Vedanta Ltd | |
| Adani Enterprises Limited | |
| TS Alloys Limited |
KJS Ahluwalia was the existing lessee of Nuagoan iron ore mine block. The mine has an EC limit of 5.62 MnT pa and has exploration done upto G2 level. The mine has a total geological resource of 792.93 MnT. Its average lumps percentage is 39.1% and fines percentage is 60.89%.
Production from the mines was recorded at around 5.61 MnT in FY19 and 4.4 MnT in FY20 (till Nov’19). This mine is reserved for merchant use.
Leave a Reply