The two blocks are based in North Goa
districts, and their combined iron ore resources are projected to be around 74
million metric tonnes.
JSW Steel has emerged as the "preferred
bidder" of mining lease for iron ore mineral in two blocks, located in
Goa, stated a regulatory filing made by the Mumbai-headquartered steelmaker on
June 12.
"The company has been declared as a 'preferred bidder' vide
communication dated June 9, 2023, received from the Directorate of Mines and
Geology, Goa," JSW
Steel informed the stock exchanges. The auctions were
conducted by the state government.
The two blocks
- 'Block VI- CudnemCormolem Mineral Block' and 'Block IX-Surla-Sonshi
Mineral Block' - are based in North Goa districts, and their iron ore resources
are projected to be 9.77 million metric tonnes (MMT) and 65.73 MMT,
respectively.
For Block VI, JSW Steel's
highest final price to emerge as the preferred bidder, in terms of percentage of
the value of mineral dispatched, was 96.65 percent, the exchange filing said.
In the case of Block IX, it was 109.80 percent, the filing added.