Odisha Auction 2020 : 14 Companies in Race for RP Sao Guali Iron Ore Mines

Odisha govt had invited bids for grant of Guali iron ore mining lease having EC of 5.7 MnT pa. Due date for submission of the technical bid was 20 Feb’20 following which opening of technical bids is scheduled today and conduct of ascending forward electronic auction and submission of Final Price Offer is scheduled on 17-18 Mar’20.

According to trade sources report to SteelMint, 14 companies have participated in the submission of technical bids. The companies who have participated are – Serajuddin, MSPL Ltd, TP Sao, Appaloft, JSW Steel, Jindal Steel, and Power Ltd (JSPL), Fomento Resources, Essel Mining, Vedanta Ltd, Rungta Mines, KJS Ahluwalia, Adani Pvt Ltd, Sarda Energy and Minerals, ArcelorMittal.

The mine is spread on area of 365.026 Ha and has geological resources of 198.741 MnT.

Earlier towards early Dec’19 Ministry of Mines, Govt of India had notified Odisha Mineral Exploration Corporation Limited (OMECL) as a separate legal entity to undertake operations of R P Sao mines (Guali) Iron Ore Block in pursuance of the second proviso to sub-sect. But later in Jan’20, Odisha govt under Section 10 (B) of the Mines and Minerals (Development and Regulation) Act, 1957 and in accordance with the amended mineral (auction) Rules, 2015 invited bids for grant of the lease.

 

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