The Odisha government recently auctioned two virgin iron ore blocks – Kusumdihi Manganese and Iron Ore Block and Kendudihi North Iron Ore Block.
According to sources, Rungta Mines won the Kendudihi North Iron Ore Block in the Bonai-Keonjhar belt. The company emerged as the preferred bidder for the block at a premium of 100%. The Kendudihi mineral block is spread across an area of 188 hectares. The mine has reserves of 109.76 mnt of iron ore with average Fe 56.53%, as per annual returns.
In the second block auction conducted, Trustline Mining and Minerals won the Kusumdihi Manganese and Iron Ore Block also in the Bonai-Kendujhar belt. The company emerged as the preferred bidder for Kusumdihi at a premium of 99.50%, as per sources.
The Kusumdihi mineral block is spread across an area of 29.122 hectares. The mine has reserves of 0.04 mnt of iron ore (with the average grade being Fe 54.53% as per annual returns) and 0.09 mnt of manganese ore.
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