Home BIG STORY Odisha puts up mines for auction; issues notification

Odisha puts up mines for auction; issues notification


Odisha Sun Times Bureau
Bhubaneswar, Dec 23:

Putting an end to all speculations, the Odisha government today finally issued a notification for first phase e-auction of mines in the state under the amended MMDR Act.


However, notification has been issued for e-auction of–Sundargarh’s Ghoraburani-Sagasahi iron ore mines in the first phase.

The Gheraburani-Sagasahi iron mines has been estimated to have a reserve of 90 million tonnes.

“In the first phase notification has been issued for e-auction of Sundargarh’s Gheraburani-Sagasahi iron mines today. The mines will be auctioned as per provisions of the amended MMDR Act. Sale of tender papers has started from today. Willing bidders can submit their queries if any by January 15. A pre-bid conference will be held on January 20 in which transaction advisor, principal secretary of Steel and Mines department will remain present and clarify their doubts if any. If any modification is required in tender documents as per their queries, it would be done by February 2. The last date for sale of tender documents has been fixed for February 5,” Deepak Mohanty director of Mines said.

Mohanty said the last date for receipt of bids from willing bidders has been fixed for February 10 adding that the government will take ten days for technical evaluation of the bids.

“A technical committee with secretary Mines as the chairperson will evaluate the technical aspect of the bids.  Bidders who cross the technical evaluation will be invited to participate in the financial bid,”  Mohanty stated.

While MSTC Ltd has been appointed as the auction platform, SBI Caps Ltd has been appointed as the transaction advisor for the purpose.

The state government entered into agreements with these two on December 17 for the purpose.

The director Mines informed that very soon notifications will be issued for auction of two more mines adding that those are lime stone mines. He said documents for the purpose have been prepared.

“12 virgin mines have been selected for auction. Out of these 12 mines, DGPS survey for 10 mines has been completed and geological report prepared. Further out of these 10 mines, seven are of the G-3 type, as per provisions of the amended MMDR Act permission has been sought from the Central government for their auction. Remaining two identified mines are located in Malkangiri and DGPS survey of these mines have not been conducted,” Mohanty pointed out.




Please enter your comment!
Please enter your name here