Odisha Auction 2020: PM Granite Exports Bagged Kanther-Koira Manganese Mine

Kanther-Koira Manganese Ore Mine was put under the hammer today (18th Feb) in which PM Granite Exports Pvt Ltd emerged as a preferred bidder at a premium of 110.04%, shared market sources. The mine was reserved for merchant use.

The mine fetched the highest premium of 73.89% in the technical round. Other prominent bidders were Anand Export, Yazdani, TP Sao, RML and Vedanta.

Kanther-Koira Manganese Ore Mine is amongst the mines that are going to expire on Mar'20 and has been put up for auction. The mine is spread in an area of 73.653 hects. The mine has reserves of 0.063 MnT Manganese ore. M/s Rungta Mines Ltd. was the erstwhile leaseholder of Kanther - Koira mine.