Odisha Auction 2020: JSW Bags 3rd Iron Ore Mine at a Premium of 132%

Outstripping other technically qualified bidders in an aggressive auction, JSW emerged as preferred bidder for Ganua iron ore mine at premium of 132%, shared market sources. This is the third mine that JSW had won after Nuagaon mine and Narayanposhi mine.

The mine fetched highest bid of 68.5% premium in the technical round from bidders like JSW, KJS Ahluwalia, Rungta, Shyam Steel, Amalgam, Vedanta, JSPL, Odisha Metalliks, and Pro Minerals etc.

Ganua 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 86.886 Hects, out of which 74.70 Hects is mineralised area and 12.18 Hects is non-mineralized area and has G2 level of exploration done.

Projected Resources, a total of 119.2 MnT iron ore. The mine has EC limit of 1.2 MnT and produced around 0.35 MnT in FY19. Earlier lessee of the mine was PK Ahluwalia.

To find the list of Odisha mines auction, Click here

 

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