JSW Steel Inviting Tender For Iron Ore Resource Project
The Company has been announced as a "Preferred Bidder" vide correspondence dated February 22, 2020 got from the Director of Mines, Odisha for an Iron Ore mine (Jajang Iron Ore Block of Keonjhar District) in the State of Odisha, in the Auctions held by the State Govt. of Odisha on 6 th February 2020. The anticipated iron metal asset as on 31.03.2020 right now per delicate archives is around 39.40 Million tons.
The most elevated last offer cost by the Company to turn into a "Preferred Bidder" is 110% of normal month to month costs of iron mineral of various evaluations and quality distributed by Indian Bureau of Mines in the State of Odisha every now and then.
The Company will make every imperative walk according to the delicate record to get Letter of Intent, every statutory freedom, execute Mine Development and Production Agreement (MDPA) and start the mining tasks.