Odisha mine auctions 2020 is underway. Today Mahulsukha iron ore & Manganese ore mine was put under hammer in which Patnaik Minerals emerged as preferred bidder at a premium of 92.7% shared market sources.
The mine fetched highest premium of 77% in the technical round. Other prominent bidders were TP Sao, Feegrade, Yazdani, Altrade Minerals, Shyam Ore and GV Mines & Minerals.
Mahulsukha 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 399.839 Hects. The mine has reserves of 771,442.4 MT manganese ore and 32,814,486 MT iron ore. The mine has EC limit of 0.04 MnT pa manganese ore.
Aryan Mining & Trading (AMTC) was the erstwhile leaseholder of Mahulsukha mine.