On 6th December 2019, Odisha Government issued a call to start fresh process for mineral block auctions that is poised to attribute more sanity to the online bidding system. In the wake of revised tender rules, the narrative of equal and healthy competition for all iron ore and manganese blocks on offer shall gain more strength against the earlier frenetic bidding for a single coveted block.

The state government has also inserted some additional conditions in the tenders for the expiring merchant mine leases. A successful bidder, after obtaining all statutory clearances, needs to produce in the first two years at least 80% of what the mine actually produced in the preceding two years.

Here is the timeline for Odisha mine auctions Breakdown of 20 mining blocks notified for auctions

Mines Auction 2020

Breakdown of 20 mining blocks notified for auctions

Mines Auction 2020

Will India See a Major Iron Ore Disruption?
To learn how the mines auction 2020 unfolds, be a part of SteelMint Events’ 4th Indian Iron ore, Pellet and DRI Summit‘ which is scheduled on 2-3 March 2020, in Hotel LaLiT, New Delhi.
IIOPDS2020