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Minera Steel & Power and Kirloskar Ferrous Industries Limited have managed to bag one iron ore mine each in Karnataka during Tuesday's auction. Both the companies have acquired the leases of mines which were managed by Nidhi Mining Company and Bharat Mines and Minerals (BMM's), respectively.
Industry sources said that the base price for Nidhi Mining Company was 35 per cent, while it was 59.5 per cent for BMM's mine. E-auction price of mines is decided on the basis of the price of iron ore, said an industry source.
While the auctions for these two mines in Karnataka were held
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