Kashvi International Pvt Ltd bags Jaribahal Iron Ore Block in Odisha

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By Anurjay Dhal

BHUBANESWAR: Surprising all, Kashvi International Pvt Ltd on Friday(February 14) bagged the Jaribahal iron ore block in the ongoing mining auction in Odisha. The iron ore mines was earlier with by Patnaik Minerals.

Odisha’s Keonjhar-based company won the mines by committing to pay 150 per cent of the average sale price to the Odisha government, said an official.

Spread over an area of 106.53 ha, Jaribahal iron ore block has an estimated iron ore reserve of 7.15 MT.

Nine companies- Kashvi, Yazdani, Patnaik Steel, Gallant Ispat, Ramgad sponge, Amalgam, CP Sponge & MGM Mineral were in the race for the mines but Kashvi International Pvt Ltd bagged Jaribahal Iron Ore Block.

On Thursday(February 13), Odisha-based miner Debabrata Behera bagged Siljora-Kalimati iron ore and manganese block at 154%, the highest-quoted premium so far in the ongoing mining auction in the state.The lease of Siljora-Kalimati iron ore and manganese block was with ML Rungta.

Odisha-based miner Debabrata Behera bagged Siljora-Kalimati iron ore and manganese block at 154%, the highest-quoted premium so far in the ongoing mining auction in the State on Thursday(February 13).The lease of Siljora-Kalimati iron ore and manganese block was with ML Rungta.

The composite mine has an estimated reserve of 0.72 MT iron ore and 3.846 MT manganese. This is the 14th of 19 mines enlisted for auction in Odisha.

Yazdani International (P) Ltd had bagged Kalmong iron ore and manganese block at a premium of 100 per cent on Wednesday(February 12).On Tuesday(February 11), Vishal LPG Fuels Pvt Ltd bagged another composite mine, Nadidih iron ore and manganese mine in Sundargarh district.

Like KJS Ahluwalia and Prasant Ahluwalia brothers, the Chaibasa, Jharkhand headquarters, Rungta Mines Group too isolated in the current bidding. Ahluwalia Brothers lost 3 of their major Blocks while RML Group lost around 4 to 5 Blocks till now.

Lessee Ghanashyam Misra and Sons Pvt Ltd Mishra & Sons Pvt Ltd on Tuesday (February 11) retained Gorumahisani iron ore block in Odisha auction at a premium of 115 per cent.

On Sunday (February 9), Goa-based mining form Sociedad De Fomento Industrial Pvt Ltd bagged Nadidih iron ore block by committing to pay the average sale of 141.25 per cent to the state government.

Patnaik Minerals Pvt Ltd bagged Mahulsukha iron ore and manganese mines in Odisha, which went under the hammer, at a premium of 92.70 per cent on Saturday (February 8).

On Friday (February 4), Kolkata-based Khatua Narbheram & Co. retained the Roida II iron ore mines at a premium of 90.90 per cent.

JSW has won four blocks – Nuagaon (January 31),Narayanposhi (February 2) and Ganua (February 5) and Jajang (January 6) – with total ore reserve of 1,138.34 million tonnes.

Shyam Ore bagged the Jilling-Langalota iron ore block in Odisha’s Keonjhar district by committing to pay 135 per cent of average sale price to the Odisha government on Wednesday (February 5).

On Tuesday (February 4), Serajuddin and Co retained Balda iron ore block during the auction that went past midnight (2.41 am). ArcelorMittal India Pvt Ltd had won Thakurani iron ore block notified for auction in

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