Odisha Auction: Yazdani Bags Kalmong Composite Mine At 100% Premium

New Delhi: Yazdani International (P) Ltd on Wednesday bagged Kalmong iron ore and manganese block at a premium of 100 per cent.

Besides Yazdani, existing lessee Rungta Mines Ltd, Lal Trades & Agencies Pvt, GV Mines Minerals and Metals Pvt Ltd and Gopal Sponge and Power Pvt Ltd were in the race for this composite mine in Sundargarh district.

The estimated ore reserve of this mine is 1.40 MT iron ore and 3.695 MT manganese.

This was the 13th of 19 mines enlisted for auction in Odisha.

On Tuesday (February 11), Vishal LPG Fuels Pvt Ltd bagged another composite mine, Nadidih iron ore and manganese mine in Odisha’s Sundargarh.

Lessee Ghanashyam Misra and Sons Pvt Ltd Mishra & Sons Pvt Ltd retained Gorumahisani iron ore block in Odisha auction at a premium of 115 per cent the same day.

On Sunday (February 9), 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 (February 8).

On Friday (February 4), 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).