Nov 12- JSW emerged as the highest bidder for the Codli iron ore mineral block XII in today’s auction with a bid premium of 92.6%. The block, of around 377 Ha, has geological reserves of 48.49 mnt. The mine comprises deposits of average-grade fines (Fe 57.86%) and lumps (Fe 56.24%). Govt has received around seven bids for Codli mines. Successful bidders must obtain various clearances, including forest, wildlife, environmental, and groundwater clearances, as well as ‘consent to establish’, licences for explosives, permission to open mines, consents from gram sabhas, and approval of mining plans from the IBM.
