- Write by:
-
Wednesday, January 8, 2020 - 12:09:01 AM
-
1003 Visit
-
Print
Mining News Pro - The Odisha government has started afresh the process of mineral block auctions 2020. The deadline for bid submission was on 03 Jan’2020. Out of 20 iron ore and manganese ore mines put up for auction, 18 mines were containing iron ore deposits.
According to market sources report to SteelMint Events, nearly 86 companies have aggressively participated in the auctions.
17 iron ore mines have witnessed participation so far as Badampahar mine is undergoing some hearing in Apex Court, shared sources.
Vedanta has bid for the largest number of mine i.e 17 mines followed by Arcelor Mittal bidding for 10 mines. Other major bidders were JSPL, Adani & Yazdani.
Click here to view list of bidders for all mines
The state government annulled previous phase of auction and had floated fresh tender and has also inserted some additional conditions in the tenders for the expiring merchant mine leases. A successful bidder, after obtaining all statutory clearances, needs to produce in the first two years at least 80% of what the mine actually produced in the preceding two years.
Short Link:
https://www.miningnews.ir/En/News/469387
BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely ...
Iron ore will average more than $100 a ton this year as the worldwide market remains tight, despite China’s property ...
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of ...
Brazil’s Corumba region could more than double iron ore shipments through neighboring Uruguay this year if there is ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with ...
Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Mining company Vale expects to reach a final agreement with authorities for reparations for the collapse of the Samarco ...
No comments have been posted yet ...