 "iron ore mining, mining, iron ore")
Five iron ore mines were auctioned in Karnataka over the past three days. JSW Steel and Kirloskar Ferrous were among the winners, as was Minera Steel & Power.
Names of the other two were not available. The auction started on Tuesday and continued till late evening on Thursday. The total capacity of these mines is 5.73 million tonnes per annum.
Industry sources say Mysore Minerals Ltd was bid for by JSW Steel for 95.2 per cent over the base price. Minera and Kirloskar bagged Nidhi Mining and Bharat Mines & Minerals, respectively. The base price is based on estimated reserves.
In April 2013,
