Odisha mine auctions 2020 is underway. Gorumahisani iron ore mine was put under hammer in which Ghanshaym Mishra & Sons emerged as preferred bidder at a premium of 115% shared market sources. The mine was reserved for merchant use.
The mine fetched highest premium of 66.25% in the technical round. Other prominent bidders were GV Mines & Minerals, API Ispat & Power, Mahendra Sponge & Power, Shyam Sel, Super Smelters, TP Sao, Neo Metaliks, Gopal Sponge & Power, MSP Cement and Altrade Minerals.
Gorumahisani iron ore mine is one among the 20 mines that are going to expire on Mar’20 and has been put up for auction. The mines is spread in an area of 349.5 Hects. The mine has reserves of 18.39 MnT and EC limit of 0.75 MnT pa iron ore. The miner produced 0.747 MnT iron ore in FY19.
Ghanashyam Misra & Sons was the erstwhile leaseholder of Gorumahisani iron ore mine.
Leave a Reply