Odisha Miner Bags Second Block In Mines Auction

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Bhubaneswar Keonjhar-based Kashvi International Pvt Ltd has bagged the second mine in the Odisha auctions.

It quoted 150 per cent premium for Jaribahal iron ore block, which went under the hammer on Friday (February 14).

Nine mining companies, including Debabrata Behera of Kashvi International Ltd, Yazdani International Pvt Ltd, Gallantt Ispat Ltd, Ramgarh Sponge Iron Pvt Ltd, CP Sponge Iron Pvt Ltd, Super Smelters Ltd, Amalgam Steel Pvt Ltd, MGM Minerals Ltd, were in the final race.

The current lessee, Patnaik Mineral Pvt Ltd, was also bidding for the mine spread over 106.53 hectares with an estimated iron ore reserve of 7.15 million tonnes.

This was the 15th of 19 mines enlisted for auction in Odisha.

Odisha-based miner Debabrata Behera had bagged Siljora-Kalimati iron ore and manganese block at a premium of 154 per cent on Thursday (February 13). This is so far the highest-quoted premium in the ongoing mining auction in the state.

Yazdani International (P) Ltd had bagged Kalmong iron ore and manganese block at a premium of 100 per cent on Wednesday (February 12).

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).

 

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