A lot to cheer for Odisha mining industry, which has been disturbed since May 2014 post Supreme Court’s verdict on deemed renewal mines.
KJS Ahluwalia, one of the big merchant miner in Odisha has resumed Iron ore bookings after a period of 1 year. Mines have been closed since May 2014, after Supreme Court asked Odisha govt. to suspend all mines running under second deemed renewal.
KJS Ahluwalia Offers (Ex- Mines)
| Material Type | Size | Grade (Fe %) | Prices in INR/MT |
| Fines | – | 63 | 1,700 |
| DR Lump | 5-18 mm | 63 | 4,000 |
| BF Lump | 10-30 mm | 62 | 3,100 |
Prices including Royalty
INR 450 extra for loading to nearest siding
Kaypee Enterprises Offers
| Material Type | Size | Grade (Fe %) | Prices in INR/MT |
| Fines | – | 63 | 1,700 |
| DR Lump | 5-18 mm | 63 | 3,800 |
| BF Lump | 10-30 mm | 62 | 3,200 |
Prices including Royalty
INR 450 extra for loading to nearest siding
Recently, the state government, while considering the recommendations of the inter-departmental committee, had allowed reopening of 29 mines, including 26 which had remained closed following a Supreme Court verdict in May, 2014. Of these, 25 are iron and manganese ore mines. The mines will be reopened as per the provisions of the new Mines and Mineral (Development and Regulation) Act, 2015 which allowed operation of the non-captive mines till 2020 and captive mines till 2030 as per sections 8(A) 5 and 8(A) 6.
Supplementary lease deeds for 10 mines in Sundargarh belt were signed by miners such as Rungta Group, Orissa Manganese & Minerals Ltd (OMM) and Aryan Mining & Trading Corporation Ltd (AMTC), KJS Ahluwalia, Kaypee Ent, KN Ram, Kalinga Mining Corp.
Iron Ore Prices in Odisha
| Miner | Size | Grade (Fe %) | Prices in INR/MT | |
| Ex-Mines | Loaded into wagons | |||
| Rungta | 5-18 mm | 63 | – | 5,150 |
| 10-30 mm | 63 | – | 4,500 | |
| Fines | 63 | – | 2,250 | |
| Fines | 60 | – | 1,800 | |
| Serajuddin | 5-18 mm | 63 | 3,900 | 4,350 |
| Fines | 63 | 1,600 | 2,050 | |
| Indrani Patnaik | 5-18mm | 63 | 3,650 | 4,000 |
| 10-30 mm | 62-63 | 3,150 | 3,500 | |
| Fines | 62-63 | 1,500 | 1,850 | |
| Fines | 60 | 1,150 | 1,500 | |
| KJS Ahluwalia | 5-18 mm | 63 | 4,000 | 4,450 |
| 10-30 mm | 62 | 3,100 | 3,550 | |
| Fines | 63 | 1,700 | 2,150 | |
| Kaypee Enterprises | 5-18 mm | 63 | 3,800 | 4,250 |
| 10-30 mm | 62 | 3,200 | 3,650 | |
| Fines | 63 | 1,700 | 2,150 | |
Prices including Royalty
Source: SteelMint
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