JSW emerged as the highest bidder for the Codli iron ore mineral block XII in today’s auction with a bid premium of 92.6%, BigMint learnt from sources. The block, of around 377 Ha, is located in Goa and has geological reserves of 48.49 mnt. The mine comprises deposits of average-grade fines (Fe 57.86%) and lumps (Fe 56.24%). Erstwhile lessees incude Vedanta and Sociedade Timblo Irmaos.
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