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Odisha government had auctioned as many as 19 mineral blocks in February. In the mining auction JSW Group secured as many as four iron ore blocks.
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Odisha government had auctioned as many as 19 mineral blocks in February. In the mining auction JSW Group secured as many as four iron ore blocks.
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In the wake of the Supreme Courts interim order for stay on iron ore mining in Odisha by companies operating on deemed renewal Iron ore miners are yet to review prices as they anticipates that there will be raw material shortage in coming days.
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2020-2-11interim stay on iron ore mining in Odisha Latest Breaking News Pictures Videos and Special Reports from The Economic Times. interim stay on iron ore mining in Odisha Blogs Comments and Archive News on Economictimes.
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The firm has acquired the iron ore mine in the auction of Odisha blocks. The projected iron ore resource is 39.4 million tonnes Mt.
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In 1961 the company became wholly owned by the Govt. of Odisha. The major minerals mined by OMC are chrome iron and manganese ore which cater to the requirement of mineral based industries such as steel sponge iron pig iron ferro-manganese ferro-chrome etc.
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After the successful online auctions of 24 merchant mining blocks the Odisha government is bracing for auctioning nine virgin mineral blocks. The state government is likely to issue Notice Inviting Tenders NITs in respect of the nine iron ore and manganese blocks in July this year.
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1 It may be noted that online auctions of 24 merchant blocks with deposits of iron ore manganese and chromite had witnessed frenetic bidding activity.
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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 Yadani Patnaik Steel Gallant Ispat Ramgad sponge Amalgam CP Sponge MGM Mineral were in the race for the mines.
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Government data shows as of December 2013 the state was producing 40.05 million tonnes of iron ore. The report stated at current mining rate iron ore in Odisha would last only 30 years. The capping is necessary so that future generations would not have to import iron ore.
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Read more about Blanket ban of iron ore mining in Odisha may hit captive miners on Business Standard.
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Iron ore from 0-5mm 0-10mm 10-40mm 10-65mm are produced by OIPL. Passary Group Of Companies Barbil Dist. Kendujhar Station Road Uliburu Barbil - 758035 Dist.
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New Delhi Jagat Janani Pvt Ltd has bagged Jururi iron ore block by committing to pay 126.23 per cent of the average sale price to the Odisha government sources said on Monday. Initially 17 mining companies had bid for the iron ore block in Keonjhar district with an estimated reserve of 270 MT.
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New Delhi JSW Steel Ltd has bagged three iron ore mines in Odisha with a combined estimated capacity of around 1.
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2020-5-18The Odisha government may not be able to generate big revenue from the eight iron ore mines that will be put on the block next week given the weak financials of steel companies.
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Find Iron Ore manufacturers Iron Ore suppliers exporters wholesalers and distributors in Odisha India - List of Iron Ore selling companies from Odisha with catalogs phone numbers addresses prices for Iron Ore.
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2020-6-14BHUBANESWAR 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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The officials said that steel and other allied industries represented by Kalinganagar Industries Association a body of companies in the industries belt in the state have written to the state government seeking that Orissa Mining Corporation OMC the state governments mining and mineral arm should either supply iron ore at cost or set a cap of INR 2000mt 26mt until March 2021 for.
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2020-5-29Indias iron ore production is estimated to have risen by 14.2 in 2019 to reach 234.
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New Delhi Jaribahal iron ore block in Keonjhar district will be auctioned on Friday.
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In line with MMDR Amendment Act 2015 Odisha govt. put up 20 merchant iron ore mines for auction which were due to expire in March 2020.
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All eyes on Odisha on iron ore auction as steel industry enters critical phase Odisha accounts for about 50-55 per cent of Indias 210 million tonne iron ore production and leases of at least 30.
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In a strong and punitive judgement the Supreme Court SC has come down heavily on the mining companies that have been illegally extracting iron and manganese ore in Odisha in the past. Due to various illegalities these mine leases have been earlier suspended by the apex court.
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Odisha will auction eight mines with total reserves of 573 million tonnes later this month.
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ArcelorMittals chairman chief executive officer Lakshmi Mittal has pledged Rs 2000 crore investment in Odisha.
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