Odisha Auction: Bidding For Nadidih Composite Mine Begins Today

New Delhi: The bidding for Nadidih iron ore and manganese mine in Odisha’s Sundargarh began on Tuesday.

The lease of the composite block with an estimated reserve of 15.06 MT iron ore and 0.059 MT manganese is currently with Feegrade and Co Pvt Ltd.

Besides Feegrade,  nine other mining companies, including JSPL, TP Sao & Sons Pvt Ltd , Lal Trades & Agencies Pvt, Vishal LPG Fuels Pvt Ltd, ArcelorMittal and Yazdani International (P) Ltd, are in the final race.

This is 12th of 19 mines enlisted for auction in Odisha.

On Sunday, Goa-based mining form Sociedad De Fomento Industrial Pvt Ltd bagged Nadidih iron ore block by committing to pay the average sale of 141.25 per cent to the state government.

Patnaik Minerals Pvt Ltd bagged Mahulsukha iron ore and manganese mines in Odisha, which went under the hammer, at a premium of 92.70 per cent on Saturday.

On Friday, Kolkata-based Khatua Narbheram & Co. retained the Roida II iron ore mines at a premium of 90.90 per cent.

JSW has won four blocks – Nuagaon (January 31),Narayanposhi (February 2) and Ganua (February 5) and Jajang (January 6) – with total ore reserve of 1,138.34 million tonnes.

Shyam Ore bagged the Jilling-Langalota iron ore block in Odisha’s Keonjhar district by committing to pay 135 per cent of average sale price to the Odisha government on Wednesday (February 5).

On Tuesday (February 4), Serajuddin and Co retained Balda iron ore block during the auction that went past midnight (2.41 am). ArcelorMittal India Pvt Ltd had won Thakurani iron ore block notified for auction in Odisha on Monday (February 3).