FRIDAY, MAY 03, 2024
Team Herald
PANJIM: Rajaram N S Bandekar and Company Pvt Ltd has retained its Monte de Sirigao mines by winning the bid for the mineral block during the third round of e-auction, on Friday.
The company bid highest at 111.28 per cent revenue share of the average sale price fixed by Indian Bureau of Mines (IBM).
The first and second blocks of iron ore mining leases have been won by the Vedanta Ltd and the Salgaocar Shipping Company Pvt Ltd. The last block at Kalay mines in Sanguem Taluka remains to be auctioned.
The Directorate of Mines and Geology had put up four mineral blocks for e-auction having approximately 135 million tonnes of iron ore reserves.
