Vedanta Wins Karnataka Iron Ore Mine
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Vedanta Ltd wins bid for Janthakal iron ore mine in Karnataka. The mine is at a preliminary exploration level with a total area of 71.16 hectares.
Photograph: Danish Siddiqui/Reuters
New Delhi, Jul 23 (PTI) Vedanta Ltd on Wednesday said it has bagged an iron ore mine in Karnataka.
In a filing to the BSE, Vedanta Ltd said the company has been declared as 'preferred bidder' for the Janthakal iron ore mine.
The Department of Mines & Geology of Karnataka had last year invited tenders to participate in the auction process for grant of mining licence in respect of the said block.
The company participated in the auction for the grant of the mining licence of the iron ore block, the filing said.
The mine is at G3 or preliminary level of exploration with total area of 71.16 hectares for the block.
"The grant of mining licence by the Government of Karnataka in respect of aforesaid mine shall be subject to making of necessary payment of performance bank guarantee, completion of other terms and conditions of the tender document, obtaining of necessary approvals/permissions/clearances from various government departments/agencies and execution of necessary agreements/deeds in the matter," Vedanta said.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading critical minerals, energy and technology companies.
In a filing to the BSE, Vedanta Ltd said the company has been declared as 'preferred bidder' for the Janthakal iron ore mine.
The Department of Mines & Geology of Karnataka had last year invited tenders to participate in the auction process for grant of mining licence in respect of the said block.
The company participated in the auction for the grant of the mining licence of the iron ore block, the filing said.
The mine is at G3 or preliminary level of exploration with total area of 71.16 hectares for the block.
"The grant of mining licence by the Government of Karnataka in respect of aforesaid mine shall be subject to making of necessary payment of performance bank guarantee, completion of other terms and conditions of the tender document, obtaining of necessary approvals/permissions/clearances from various government departments/agencies and execution of necessary agreements/deeds in the matter," Vedanta said.
Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading critical minerals, energy and technology companies.
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