The Supreme Court-appointed monitoring committee is estimating the quantity of iron ore available at the dumps in the three mineral-rich districts of Bellary, Chitradurga and Tumkur in Karnataka.
After assessing the quantity of ore available at these dumps, the committee plans to sell it via e-auction so that steel firms, who face shortage of iron ore, can benefit from it.
It is learnt that the committee would complete the assessment and put the ore for auction in the next one or two months after getting approval from the Central Empowered Committee (CEC).
Steel companies would buy the ore and beneficiate them so that it is usable for steel making. According to miners, the monitoring committee is conducting assessment of the iron ore at dumps in various mines, where the mine owners had not declared their dumps earlier when they were carrying out mining.
The mining rules stipulate the miners to give a declaration while conducting mining as to what type of ore they had dumped.
It may be recalled that a month ago, the monitoring committee had put on auction about 6.7 mn t of dumps from Mineral Enterprises (MEL) and another 800,000 tonne from Kartikeya Mines at a floor price of Rs 850 per tonne.
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