Bandekar Retains Monte de Sirigao Iron Ore Block in Goa

The Monte de Sirigao iron ore block in Goa has been retained by the Narayan Rajaram Bandekar group, which was operating the mine before the lease was taken over by the state government after the Supreme Court in a verdict halted iron ore mining in Goa in 2012, on grounds that blocks had not been allocated to miners through the auction route. Bandekar bagged the block with the highest auction premium of 99.2% of the average sale price of the Indian Bureau of Mines. Of the four blocks, the Monte de Sirigao one saw the highest number of bidders participate. The 10 companies that participated included, ArcellorMittal, Kirloskar, Shri Dagannath Steels & Power, NRB group, MSP Ltd, Fomento, Kai International, 3SW, Vedanta and Salgaonkar Shipping. Goa’s Directorate of Mines and Geology had put up four mineral blocks for e-auction having approximately 135 million tonnes of iron ore reserves.Bicholim - VedantaSirigao Mayem - Salgaocar Shipping

Bandekar Retains Monte de Sirigao Iron Ore Block in Goa

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