Welcome to VMR MINING

A mining news blog providing industry professionals with real-time news and analysis, The blog covers regional news from different Mining regions in India and updates it’s readers with issues affecting Indian mining industry, created by Virginia Mining Resources

Indian ministry of coal has successfully auctioned 13 blocks, 5 for the power sector and the rest for unregulated sectors. The e-auction began on Saturday and is seeing aggressive bidding, with the final bid 10 times or more the floor price. The proceeds generated, which include royalty, would go to the states hosting the blocks. The amount generated through auction is more than INR 60,000 crores


The government has a two pronged strategy for e-auction of the cancelled blocks. Where the end use is generation of power, there is a reverse auction. For the unregulated sectors of iron, steel and cement, there is forward bidding.



Power Sector

BlockStateReserveWinnerRate
Day 1Talabira-IOdisha28.77GMR Chhattisgarh478
Day 2SarisatolliWest BengalCESC Ltd477
Day 3Trans DamodarWest Bengal48.4Durgapur Projects940
Day 4Amelia NorthMP70.28Jaiprkash Power712
Day 5Tokisud NorthJharkhand51.97Essar Power1110
Rate in INR per tonne



Others

BlockStateReserveWinnerRate
Day 1Sial GhoghriMP5.69Reliance Cement1402
Day 2KathautiaJharkhand26.01Hindalco2860
Day 2BelagaonMaharashtraSunflag1785
Day 3Marki Mangli IIIMaharashtra4.2BS Ispat918
Day 3Mandla NorthMP84.0Jaiprakash Associates2505
Day 4ArdhagramWest Bengal19.29OCL Iron & Steel2302
Day 4ChotiaChattisgarh13.57Balco3025
Day 5Gare Palma IV/5Chattisgarh50.0
Rate in INR per tonne

(Source - Steel Guru, 19 Feb, 2015)

0 comments :

Post a Comment