Odisha begins process for auction of 10 Iron Ore, Manganese Blocks, Issues NIT
Bhubaneswar: The Odisha government on Monday issued Notice Inviting Tenders (NIT) for auction of 10 Iron Ore and Manganese blocks. These 10 blocks include 5 Iron Ore blocks, 3 Iron Ore-Manganese Blocks and 2 Manganese blocks.
This is the 4th mining auction by the Odisha government this year. On 4th of October the government had issued NIT for auction of another 10 mining blocks.
The 5 Iron Ore blocks to be auctioned are Bada Iron Ore Block of Serajuddin Mines, Gorumahisani block of GS Mishra and Badampahar of Lal Traders. While the Balda block has estimated reserve of 210 million tonnes, Gorumahisani has 18 MT and Badam Pahar has 6 MT Iron ore reserve. The other 2 Iron Ore blocks are Rungta’s Jajang and BICO’s Nadidih Iron Ore block.
The 3 Iron Ore–Manganese blocks are Nadihi block of Feegrade, Teherai Iron Ore & Manganese block and Kalmong of Rungta in Sundargarh District.
The Two Manganese Blocks likely to be auctioned are Katasahi in Keonjhar District and Kanther-Koira in Sundargarh district. These two blocks are currently held by Rungta & Sons.
Lease period of these blocks will expire by 30th March 2020 under the MMDR (Amendment) Act 2016. The auction process will be conducted electronically by MSTC ltd.
Last date for purchase of Tender Document after payment of a tender fee on website of e-auction platform provider MSTC Ltd (mstcecommerce.com) is Friday, November 22, 2019 and the last date for submission of the bid is Thursday, November 28, 2019 on or before 12:00 noon (IST).