The Supreme Court-appointed Monitoring Committee, which is supervising the e-auction of iron ore in Karnataka, is likely to bring iron ore dumps for auction later this month. The committee is awaiting final approval from the Central Empowered Committee (CEC) to auction about six million tonnes (mt) of dumps.
“The assessment of dumps in Bellary district has been completed and it is estimated that about six mt of dumps could be auctioned. The CEC recently visited various mines in Bellary district and took on record the dumps available for auction. However, the grading of dumps is still to be completed and once that is done, the ore could be put on auction,” sources close to the development told Business Standard.