|
|
| |
|
|
Aggressive bidding derails Odisha's iron ore auctions-2020 China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exh
ibition
12/3/2019 金屬展-冶金展-鋼鐵展-steel expo-metal &metallurgy expo- |
--------------------------------------------------------------------------------------------------------------- |
|
ET reported that the Odisha government has decided to cancel and postpone auctions of iron ore mines by about a month. As per report, the decision was taken after Adani group and ArcelorMittal complained against JSW’s decision to bid for the largest block through half a dozen subsidiaries. The report quoted an official as saying that “It’s unfortunate that the company decided to abuse a loophole in the model bid document. We’ve decided to improve the conditions, and taking a cue from the model bid documents for coal auctions we are barring subsidiaries, affiliates and associates from participating in auctions of the same block.”
Odisha is inviting bids for 50-year mining rights to twenty mines in two phases. Among the first lot was the massive 767.284 ha Nuagaon deposit with reserves of 792.93 million tonne, larger than all other iron ore deposits on offer. Of the fifteen technical bids received for Nuagaon, six were from companies or subsidiaries of the Sajjan Jindal led JSW Group JSW Steel, JSW Raigarh, JSW Bengal Steel, JSW Jharkhand Steel, JSW Utkal Steel and Amba River Coke. Jindal SAW, Jindal Steel and Power and its subsidiary, Jindal Power, are also in the run.
These are among the more than 300 mines lapsing on 31 March 2020 as India transitions to a strict regime of auctions for mining licenses.
金屬展-冶金展-2020廣州巨浪國際金屬暨冶金工業(yè)展覽會-亞洲最大金屬冶金展-巨浪展覽-2020
China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition
-metal exhibition Metal exhibition, Metal
expo, 2020 Metal exhibition, 2020 Metal expo, China Metal exhibition, China
Metal expo, steel exhibition, steel expo, 2020 steel exhibition, 2020 steel
expo, China steel exhibition, China steel expo
|
|
|
|
|
