The Karnataka government has High titanium iron Suppliers deferred the auction of the Donimalai iron ore mine."The government of Karnataka has identified one iron ore mine for electronic auction for grant of mining lease and accordingly NIT (Notice Inviting Tender) was issued dated August 20, 2019, on MSTC website for Donimalai Mine (earlier held by NMDC) ML no 2396," according to a notice by the state government."The schedule of the auction process for the said mine is hereby deferred until further notice," it added."

The said Stay Order would prohibit the Government of Karnataka to take any further action regarding mining lease or initiate auction process of Donimalai mine," NMDC recently said in a statement.However, the High Court of Karnataka last month set aside the governments move.Earlier, the firm was in a legal battle with the state government over the issue of imposition of 80 per cent premium on the sale price of the iron ore extracted from the Donimalai mines..The state had earlier withdrawn the extension of the mining lease granted to NMDC for the mine in November 2018 for a 20-year period.The development comes soon after the Centres Mines Tribunal kept in abeyance the cancellation of mining lease of the block by the state government extended to NMDC Ltd.Challenging the decision, the public sector undertaking moved the Tribunal, which heard the petition on August 21 and stayed the order

Hide Comments | Add Comment