· Mumbai: JSW Steel is closely watching all the upcoming iron ore mine auctions, as the company is in the final stages to acquire land in Odisha for a proposed greenfield project, a top executive said. "We remain interested in the upcoming iron ore mining auctions because we would like to have a backward linkage," director (commercial, marketing corporate strategy) Jayant Acharya told ET.
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· BHUBANESWAR: Odisha is inviting bids for 20 iron ore and manganese mines in the state starting Friday, marking an important transition for the sector since the Narendra Modi government amended mining laws in 2015 to introduce the auction system to allocate mining licences. Now, 329 mines across the country will see the end of their terms in March 2020.
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· MUMBAI: JSW Steel has bagged its third iron ore mine in Odisha at Ganua through an eauction, with a reserve of 118 million tonnes (MT)on Wednesday, sources said. The company is committed to pay 132% of its sale value to the Odisha Government. The company previously won two other iron ore mines in Odisha, Nuagaon and Narayanaposhi with a total reserve of 790 MT and 190
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· Auction of working mines in Odisha kicked off today with JSW Steel emerging as the highest bidder for the massive Nuagaon iron ore block with a bid of per cent. This is the first of 19 iron ore mines that are up for grabs before their leases expire on 31 March 2020 Bidding for the block, larger than all the rest of them put together, started with a floor price of per cent of sale price.
