In the Karnataka Iron Ore Block Auction process remaining two blocks Sri H.G.Rangangouda and Kahaiyalal Dudheria block auction were scheduled to be auctioned today (12 Sept. 2018).
Department of Mines, Govt. of Karnataka concluded bidding process of Kahaiyalal Dudheria block. MSPL Ltd. submitted the highest bid for Kanhaiyalal Dudheria block. The mine has 9.26 MnT iron ore reserves.
Due to some technical issues, Kahaiyalal Dudheria block auction had been revoked and put under the hammer today. So far three iron ore blocks have been successfully allotted to the respective preferred bidders.
Earlier, Govt. of Karnataka had floated tender for iron ore blocks. The 8 iron ore mines belong to category “C” mines. Out of 8 iron ore blocks put under the hammer, 5 iron ore blocks have received a good response. Around 9 companies were announced technically qualified bidders for 5 mines and the remaining three mines had less than three bidders hence not qualified for next round of bidding process.
Details of an iron ore block auctioned in Karnataka in Phase III
|
Name of Mine Block
|
Area in Hectare | Reserves in MnT | Technically Qualified Bidders | Preferred Bidders |
| Sri H G Rangangouda, ML No 2148 | 60.66 | 63.33 | JSW Steel, Kirloskar Ferrous Industries Ltd., Vedanta, MSPL, NMDC | Ongoing Auction |
| M/s Kanhaiyalal Dudheria, ML No 2563 | 30.09 | 9.26 | BMM Ispat, JSW Steel, Kirloskar Ferrous Industries Ltd, Minera Steel and Power Pvt Ltd, MSPL Limited | MSPL Ltd |
| M/s Mysore Minerals Limited, ML No 995 | 32.89 | 9.708 | JSW Steel, Kalyani Steels Ltd, Kirloskar Ferrous Industries Ltd, Minera Steel and Power Pvt Ltd, MSPL Limited and Vedanta Ltd. | JSW Steel Ltd. |
| M/s Nidhi Mining Company (Smt K M Parvathamma), ML No 2433 | 29.49 | 10.024 | JSW Steel, Kirloskar Ferrous Industries Ltd and Minera Steel and Power Pvt Ltd | Minera Steel and Power Pvt Ltd |
| M/s Bharath Mines and Minerals, ML No 2245 | 24.47 | 7.577 | JSW Steel, Kirloskar Ferrous Industries Ltd, and KIOCL | Kirloskar Ferrous Industries Ltd |
Source: GOK, MSTC, SteelMint Research
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