JSW Steel emerges as the preferred bidder for “VS Lad & Sons” iron ore mine block.
Out of 7 “C” category iron ore mine blocks that witnessed aggressive bidding from the participants, 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 has been chosen the preferred bidder.
Snapshot of Karnataka iron ore mine block auctions
|
S. No |
Name of Mine | Total Geological Resource (MnT) |
Average Grade (Fe %) |
Preferred Bidder
|
Floor price |
Final price |
| 1 | Rama Rao Paol
M L No:2621 |
31.53 | 56.6 | JSW Steel | 61.22% | 90.82% |
| 2 | M/s Lakshmi Narayana Mining Company M L No:2487 |
14.71 | 52.91 | MSPL | 60.00% | 100.30% |
| 3 | Tungabhadra Minerals Pvt Ltd
M L No:2365 |
Part I-29.71, Part II – 4.17- | 58.76 & 51.56 | JSW Steel | 55.00% | 81.10% |
| 4 | Tungabhadra Minerals Pvt Ltd
M L No:2366 |
6.94 | 59.52 | JSW Steel | 55.00% | 58.90% |
| 5 | Hothur Traders
M L No:2313 |
10.03 | 54.41 | JSW Steel | 55.00% | 100.10% |
| 6 | Karthikeyas Manganese
M L No:2559 |
28.47 | 55.33 | MSPL | 55.00% | 111.10% |
| 7 | V.S Lad & Sons
ML No. 2290 |
28.62 | 56.69 | -JSW Steel | 56.22% | 102.52% |
Source: Karnataka DMG
Leave a Reply