Tata Steel Mining has completed the process for signing up mining lease of Kamarda Chromite Mine and Saruabil Chromite Mine at Jajpur in Odisha on June 26. The company had emerged as the highest bidder for the Saruabil chrome deposit which was held by Misrilall Mine, with a bid of 88.5 per cent of the sale value of the mineral, besides much smaller Kamarda deposit held by BC Mohanty and Sons with a bid of 96.8 per cent. The leases were granted for 50 years and were the first leases to be converted into mining leases, across India.
The current leases of these mines ended on March 31 and were put on auction by the Odisha government.
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