Department of Mines and Geology (Govt. of Karnataka) has floated the tender for auctioning of 4 iron ore blocks in Karnataka for its 4th phase.
Interested and eligible bidders can participate in bidding only after purchasing of tender document on payment of INR 500,000 plus taxes per tender document .
- Last date of sale of tender document – 03 Jun’19
- Bid due date (Technical + Initial Price offer ) – 12 Jun’19
- Opening of Technical Bids – 13 Jun’19
- Announcement of Technically Qualified Bidders – 20 Jun’19
- Opening of Initial Price offers of Technically Qualified bidders – 24 Jun’19
- Announcement of Preferred Bidder – 01 Jul’19
Prior to this, Department of Mines and Geology (Govt. of Karnataka) had floated the tender to grant 08 different Iron ore blocks in Karnataka belonging to category “C” mines
Australian iron ore producers accounted for the largest share of operating profits in the entire resources sector, including upstream oil and gas and coal mining, during the 2018-19 fiscal year to 30 June. The resources sector, at 8pc of the economy, accounted for more than a fifth of all industry profits.
Referring to the role and position of this value-creating group in the production and economy process, the CEO of Chadormelo added: "Workers are the real capital of any production and industrial unit and certainly no development will take place in production, except with the efforts of workers."
Serajuddin- Odisha's major merchant iron ore mine has decreased iron ore lump offers by INR 500/MT (USD 7) effective from today (19 May'20). As per the market participants, miner has decreased prices to INR 3,500/MT (ex-mines, including Royalty, DMF, & NMET) as against last offer of INR 4,000/MT.
Five expatriate employees of SL Mining, a subsidiary of London-based Gerald International Ltd., were arrested Wednesday on suspicion of instigating unrest, the mining company said in a statement Saturday.
Iron ore prices were closing in on triple digits on Wednesday as optimism about a quick recovery in China, where more than half the world’s steel is forged, combined with supply fears from Brazil, the globe’s number two supplier.
Rio Tinto’s (NYSE: RIO ASX: RIO) subsidiary Kennecott has kicked off an initial four-hole 2,000m drill program at Alderan Resources’ Frisco copper/gold/silver project in Utah.