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Going by the past records of auctions for iron ore blocks in India, we have seen the lease being acquired for a premium of 44.35% and the highest offer in .
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Dec 02, 2019· Odisha, home to more than half the country's iron ore production, is inviting bids for 50-year mining rights to twenty mines in two phases. These are among the more than 300 mines lapsing on 31 March 2020 as India transitions to a strict regime of auctions for mining licenses.
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Feb 18, 2020· Prices of iron ore may rise in the short term as bidders for mines in Odisha have paid nearly twice the required amount.The mine auctions, which started towards the end of .
Jun 26, 2020· BSY govt eyes iron ore seized in mining scam for auction, spend funds for COVID. The cash-strapped government is considering auctioning the 6-8 million tonnes of iron ore seized from illegal mines when the mining scam came to light in Karnataka in 2011. The Federal. 4:27 PM, 26 June, 2020.
The Odisha administration has set in motion the process to organise auctions for mining leases for as many as 24 iron ore mines. The leases in those cases, allotted on nomination basis, would ...
Jan 31, 2020· Auction of working mines in Odisha kicked off today with JSW Steel emerging as the highest bidder for the massive Nuagaon iron ore block with a bid of 95.2 per cent. This is the first of 19 iron ore mines that are up for grabs before their leases expire on 31 March 2020 Bidding for the block, larger than all the rest of them put together, started with a floor price of 89.4 per cent of sale price.
Dec 06, 2019· Read more about Odisha issues notification for auction of 20 iron ore, manganese mines on Business Standard. The steel and mines department had received bids from 177 companies for the auction of 20 mining blocks against the earlier tender.
Feb 26, 2020· The leases put up for auction are expected to produce around 65-70 MnT iron ore in FY20 versus 50-55 MnT in FY19, against an EC limit of 80-85 MnT. Auction process of RP Sao Guali mines is underway.
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Sedibeng Iron Ore & Magareng Municipality: Redundant Fleet, Electrical & Mining Equipment Timed Online Auction! Bids open on on Tuesday, 11 August at 12:00 and closes on Wednesday, 13 August from...
The proposed roster includes eight iron ore blocks and one each for manganese, graphite and limestone. All the enlisted blocks will be offered as composite licenses-prospecting licenses (PL) cum mining lease (ML). The freehold blocks lined up for auctions are ...
Mar 10, 2020· Iron ore mining is an established, decades-old activity in the state, Mallik observed. Asked whether the state was happy about the auction outcome, Mohanty said there was no reason for the state to be happy or satisfied; there had been no case of annulment, that's all.
Mar 26, 2019· Nearly a third of iron ore supplies to domestic steel mills could be disrupted if the auction of 33 mines whose leases are slated to expire in March next year are not held in time. 33 mining leases will expire in March next year.
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Jul 23, 2020· ArcelorMittal India has commenced mining operations at Thakurani iron ore mine in Odisha. The mine has reserves of about 179 million tonnes and will supply key raw material to AM/Nippon Steel India.Th
Mining Equipment Market India Infrastructure. 2017-2-18Iron Ore Exports during 2011-12 and 2016-17 Iron Ore Imports during 2011-12 and 2016-17 Production of Iron Ore by Major Producers during 2011-12 and 2015-16 mt Key Iron Ore Projects Under Implementation by NMDC Limited SAILs Key Upcoming Projects Tata Steel Future Plans Iron Ore State-wise Status of Iron Ore Block Auction .
The fourth block, Balda iron ore (reserves 210.17 MnT) was retained by Serajuddin and Co. at a premium of 118.05%. Another 15 mines will be put under the hammer on a daily basis and market expects aggressive bidding for most of them. In addition to the current list of 20 mines, a new list of 7 mines will also be introduced for auctions this month.
May 26, 2020· So we can expect prices of Iron Ore to go up. But in case of JSW, which has bagged 4 mines so far, the calculations could be different. The steelmaker may try to offset the high mining cost with its high-value finished products. "The high premiums are set to put iron ore .
Jul 23, 2020· In February 2020, AMIPL was selected preferred bidder for Thakurani iron ore mine license following an auction process conducted by the Odisha government, in which AMIPL agreed to pay a 107.55 per ...
Oct 03, 2019· Under the new policy, India is set to auction 48 mining leases of independent miners before March 31, according to the mining federation. The new mining leases will be effective for 50 years.
MUMBAI: Production at non-integrated steel companies, which do not have access to captive iron ore resources, will be disrupted in 2020 if iron ore mining auctions are delayed.
The iron ore block has a total estimated reserve of around 790Mt, reported ET. An official was quoted by The Times of India as saying: "By bagging the block with a bid of 98.5%, the company commits to pay Rs98.05 on sale of ore of every Rs100 apart from contribution to the district mineral foundation (DMF) fund and other taxes.
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