On September 12, SteelOrbis reported MSPL’s successful winning bid for the Kanhaiyalal Duheria iron ore block in Karnataka, India.
Sources report that MSPL was also the preferred bidder for a second large mine in the recent Phase III mineral auction. MSPL has acquired the Rangangouda mine block with 63.33 million mt in estimated iron ore reserves for a presently undisclosed amount.