Deals28 May 2025, 12:42 pm
Coal India Ltd Declared Preferred Bidder for Oranga-Revatipur Graphite and Vanadium Block
AI Summary
Coal India Limited has been declared as the Preferred Bidder by the Ministry of Mines, Government of India for the Oranga-Revatipur Graphite and Vanadium Block of Chhattisgarh. The mining lease was auctioned under Tranche V with a total area of 366.478 hectares. The indicated mineral resources include 9.28 million tonnes of graphite with an average grade of 5.48% FC and 0.70 million tonnes of vanadium at 1000ppm cut off with an average grade of 1211.64 ppm. The mining premium is set at 189.75% of the value of mineral dispatched.
Key Highlights
- Coal India Ltd declared Preferred Bidder for Oranga-Revatipur Graphite and Vanadium Block
- Mining lease area of 366.478 hectares in Chhattisgarh
- Indicated mineral resources: 9.28 million tonnes of graphite and 0.70 million tonnes of vanadium
- Mining premium of 189.75% of the value of mineral dispatched
- Awarded under Tranche V of the Mines and Minerals (Development and Regulation) Act, 1957