New Delhi: ArcelorMittal India Pvt Ltd has bagged the third iron ore mine notified for auction in Odisha.
The integrated steel and mining company on Monday won the Thakurani iron ore bloc
k with an estimated reserves of 180 MT in Keonjhar district by committing to pay 107.55% of its sale value to the state government.
While 10 companies had bid for the iron ore block, Amalgam Steel & Power, JSPL, BRPL, KJS Ahluwalia, ArcelorMittal & Orissa Metalliks remained in the fray with the floor price of the auction beginning at 72.4%.
In October last year, the State Directorate of Mines had notified 10 lapsing iron and manganese blocks- Nuagaon, Thakurani, Siljora-Kalimati, Jilling-Langalota, Jaribahal, Roida-II, Jururi, Narayanposhi, Mahulsukha and Ganua.
Thakurani was among the blocks reserved for “Specified End Use”.
JSW Steel has already bagged two iron ore mines — Nuagaon and Narayanposhi — with a total reserve of 980 million tonnes in the auction.