Odisha 2020 Auction: JSW Bags 4th Iron Ore Mine at 110% Premium

Outstripping other technically qualified bidders in an aggressive auction, JSW emerged as preferred bidder for Jajang iron ore mine at premium of 110%, shared market sources. This is the fourth mine that JSW has won after Nuagaon mine, Narayanposhi mine and Ganua mine.

The mine fetched highest bid of 81.65% premium in the technical round from bidders like JSW, Serajuddin, Rungta, LTA, JSPL, and Adani etc.

Jajang mines is one among the 20 mines that are going to expire on Mar’20 and has been put up for auction. The mines is spread in an area of 666.150 Hects, out of which 595.171 Hects is explored and is under G2 level of exploration. Out of 595.171 Hect, 185.690 Hect is mineralized and 409.491 is non-mineralized area.

Projected Resources, a total of 58.51 MnT iron ore. The mine has EC limit of 16.5 MnT and produced around 11.71 MnT in FY19. Earlier lessee of the mine was Rungta Mines Ltd.

To find the list of Odisha mines auction and winners,Click here

 

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