Department of Mines & Geology (govt of Karnataka) had invited bids for grant of iron ore mining lease for 9 ‘C’ category mine blocks auctions. Last date for submission of Technical Bid plus initial price offer was 7th Aug’17 following which announcement of technically qualified bidders was scheduled on 16 Aug’17.
In the latest notification issued, govt. of Karnataka stated that since less than 3 bids were received for all the blocks, pursuant to the clause of Mineral Auction Rules, 2015 the auction process for the said 9 ‘C’ category iron ore blocks stands annulled.
As per recent reports, Supreme Court yesterday said to close down the ‘C’ category iron ore mine blocks which are no longer economically viable and has asked government to disclose the list for the same and clarified that until the list was submitted, there would be no further auctions of such mines in the state.
List of 9 mine blocks which were put under auction
|
Sl. No. |
Name of the mine |
M L No |
Concession Area in Ha. |
Estimated Resource in MMT |
|
1 |
Sri. M Chhankeshava Reddy |
2566 |
7.57 |
3.179 |
|
2 |
Sri. M Srinivasulu |
2631 |
75.14 |
9.880 |
|
3 |
M/s Ramgad Minerals & Mining (P) Ltd |
2451 |
24.04 |
2.137 |
|
4 |
B R Yogindranath Singh |
2186 |
15.89 |
2.842 |
|
5 |
M/s Mineral Miners & Traders |
2185A |
44.42 |
9.224 |
|
6 |
Smt. Shanthalakshmi Jayaram |
2553 |
32.53 |
4.542 |
|
7 |
Smt. Kamalabai ( B R Surrendranath Singh) |
2187 |
23.71 |
0.869 |
|
8 |
M/s Thangavelu & Others |
2585 |
60.92 |
3.303 |
|
9 |
Sri. Allum Veerabhadrappa |
2436 |
24.53 |
Fe–3.645 & Mn-0.93 |
Source: Karnataka DMG
Prior to this, out of 7 “C” category iron ore mine blocks that witnessed aggressive bidding from the participants in Oct’16, JSW Steel bagged five iron ore mines namely – Rama Rao Paol, Hothur Traders, VS Lad & Sons and two leases of Tungabhadra Minerals.
For the remaining two blocks namely Lakshmi Narayana Mining Company and Karthikeyas Manganese, MSPL was chosen the preferred bidder.
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