Supreme Court lays down modalities for auction of 15 iron ore.
Laying down modalities for auction of 15 iron ore mines in Karnataka, the Supreme Court on Thursday allowed state-run and private companies having “end users plants” engaged in producing.
JSW Steel, Kirloskar Ferrous win iron ore mines in Karnataka.
Five iron ore mines were auctioned in Karnataka over the past three days. JSW Steel and Kirloskar Ferrous were among the winners, as was Minera Steel Power. Names of the other two were not available. The auction started on Tuesday and continued till late evening on Thursday.
e-Auction for iron ore in Karnataka starts from Sept 14.
An official of Karnataka's Mines and Geology Department also confirmed the development, while adding that "iron and steel units have been invited to register for the e-auction on September 14". The official further said, "Initially, auctions will be 12,000 tonnes per week (for different grades of iron ore), while the target is to increase it to about 40,000 tonnes a day".
In a first, Karnataka to e-auction iron ore leases - The Hindu
Karnataka will be the first State to auction iron ore leases after the NDA government at the Centre amended the Mines and Minerals (Development and Regulation) Act, 1957 recently. The amendments.
Karnataka Government Defers Auction Of NMDC’s Donimalai Iron.
The Karnataka government has deferred the auction of NMDC Ltd.’s Donimalai iron ore mine. The development comes soon after the central government’s mines tribunal kept in abeyance the cancellation of mining lease of the block by the state extended to India’s largest iron ore miner.
Minera Steel, Kirloskar bag one iron ore mine each in.
Minera Steel Power and Kirloskar Ferrous Industries Limited have managed to bag one iron ore mine each in Karnataka during Tuesday's auction. Both the companies have acquired the leases of mines which were managed by Nidhi Mining Company and Bharat Mines and Minerals (BMM's), respectively.
MODEL TENDER DOCUMENT FOR AUCTION OF MINING LEASE” FOR [Name.
"AUCTION OF MINING LEASE” FOR [Name of Mine] IRON ORE MINE. IN . THE STATE OF KARNATAKA. Cost of Tender Document: INR 5,00,000 (Indian Rupees Five Lakhs Only) excluding Goods and . Service Tax. GST shall be payable @18% of Tender Document cost (Non-Refu.
GOK | E - auction - Karnataka
E-auction of Iron ore in Karnataka Supreme Court (SC) vide its order 2nd September 2011 has appointed Central Empowered Committee (CEC) to oversee E-auction of Iron ore from Karnataka. CEC in turn has formed a Monitoring Committee to carry out the order of SC.
Karnataka steel industry body calls for fresh auction on ore.
New Delhi, Jun 6 Fresh auction of iron mines must be conducted to provide a level-playing field between captive and merchant miners, a Karnataka-based steel and iron ore industry body has demanded.
Karnataka likely to auction 6 mt of iron ore dumps | Business.
The move to auction iron ore dumps follows the exhaustion of iron ore stockpile and the steel mills in and around Karnataka are facing acute shortage of iron ore. The monitoring committee has till now auctioned 37 mt of iron ore. Presently, NMDC is producing about 700,000 tonnes per month.
Karnataka iron ore e-auction base price reduced by 10%
The monitoring committee, appointed by the Supreme Court to oversee e-auctions of iron ore in Karnataka, has also increased the overall quantity of iron ore to be auctioned to 40 mt from 25 mt announced earlier. The quantity had gone up after adding the ore produced from NMDC mines, the official said.
Karnataka to auction 51 iron ore mining leases | Bengaluru.
BANGALORE: Few days after Karnataka cancelled 51 iron ore mining leases under category C, chief minister Siddaramaiah on Monday said the government soon would decide on auctioning these leases.
Karnataka to auction 14 iron ore mines by June | VCCircle
After almost a three-month lull of iron ore mine auctions in the country, the Karnataka government is set to auction 14 mines in June. These mines, referred to as category C mines, are primarily located in Bellary and Chitradurga districts with an estimated reserve of 127 million tonnes (MT) of iron ore.
Karnataka to assess reserves before auction of C-category mines
The Karnataka government has moved a step closer to hastening the auctioning of C-category iron ore mines to end-users. Before the auction, the government plans to assess the extent of iron ore reserves left in these mines. A senior government official said this task was likely to be handed over to state-owned Mineral Exploration Corporation Ltd (MECL).
Karnataka govt defers auction of Donimalai iron ore mine.
“The government of Karnataka has identified one iron ore mine for electronic auction for grant of mining lease and accordingly NIT (Notice Inviting Tender) was issued dated August 20, 2019, on MSTC...
MSTC Ltd.: MSTC Limited Conducted E-Auction for iron ore.
The final bid for the iron ore mines in Karnataka was in the range of 59 to 111 per cent of the floor price — which is monthly value of the mineral dispatched from the mine. JSW group — whose firm JSW Steel is the largest steel company in the country — won five iron ore mines in Karnataka. MSPL, a major iron ore mining company, won other two iron ore mines of the state this month.
JSW steel sets eyes on 16 mines in Karnataka for bidding.
MUMBAI: JSW Steel has identified 16 iron ore mines to bid for in Karnataka's impending auctions based on the deposits found, its deputy managing director Vinod Nowal told ET. The Karnataka government has been directed by the Supreme Court to auction all mines in category C, where most illegal mining happened, to "end-users" of the commodity by end of August this year.
auction of iron ore mines: Latest News Videos, Photos about.
AUCTION OF IRON ORE MINES NMDC hikes lump ore price by Rs 700 per tonne; fines by Rs 1,500 per tonne The announcement has come at a time when steel is trading at an all-time high. In May 2021, the steel makers raised prices of Hot Rolled Coil (HRC) by Rs 4,000 to Rs 67,000 per tonne and Cold Rolled Coil (CRC) by Rs 4,500 to Rs 80,000 per tonne.