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Indian private-sector resources firm Vedanta has been declared the preferred bidder for Block-VII of Cudnem mineral block in west India's Goa state on 9 June.
Vedanta won the 75.3 hectare (ha) block with estimated reserves of 8.3mn t of hematite iron ore based on its higher final offer price of 93.15pc of revenues, through participation in the state government's e-auction via a tender notice floated in late January.
The mining lease grant is subject to necessary payments, approvals and permissions and other terms and conditions of the tender document, the company said.
Vedanta had also won the Bicholim iron ore block in Goa in December 2022.
Mining activities in Goa had been shut since February 2018 after the Supreme Court cancelled all iron ore mining leases because of environmental damage from excessive mining. Mining had previously been suspended in the state from 2012-2015.
But the country's top court green-lighted dump handling in the state in December, paving the way for more mine auctions with mining activities slated to start later this year.
argusmedia
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