State-owned, MSTC-Karnataka, conducted the e-auction for Manganese Ore on behalf of Sandur Mines (SMIORE) on 21st Apr 2020. The auction has received a meagre response, as the 16,233MT quantity of Manganese ore was booked at 4.6% higher than the total Floor value and remaining 9524 MT quantity remains unsold. The total quantity offered for the e-auction from Sandur Manganese and Iron Ore Limited (SMIORE) and Narayana Mines were collectively 25,757 MT.
The Manganese (Mn) content of the material offered was in the range of 28-47% and Iron (Fe) content was in the range of 7-26%, according to information on MSTC’s website. Royalty 5%, & GST (5% on Ore auction price; 18% on Royalty, and Bulk permit processing fee) are applicable.
|
Sandur Mines Manganese Ore Auctions: Apr 2020 |
||||||
| Procuring Companies | Weighted Average Mn% | Weighted Average Fe% | Total Allocated Quantity (MT) | Total Floor Value | Total H1 value | % Increase over floor Value |
|
Andhra Pradesh |
||||||
| Maithan Alloys Limited | 35 | 21 | 3,024 | 2,57,04,000 | 2,57,49,360 | 0.18 |
| MDA Mineral Dhatu AP Private Limited | 29 | 25 | 504 | 25,20,000 | 25,20,000 | 0.00 |
| Nava Bharat Ventures Ltd | 29 | 24 | 1,512 | 75,60,000 | 75,60,000 | 0.00 |
| Sri Raghavendra Ferro Alloys Pvt Ltd | 28 | 26 | 2,016 | 85,68,000 | 98,28,000 | 14.71 |
|
Karnataka |
||||||
| Kej Minerals Pvt Ltd | 47 | 7 | 105 | 26,25,000 | 26,25,000 | 0.00 |
|
Madhya Pradesh |
||||||
| Ramnik Power and Alloys Pvt Ltd | 36 | 19 | 504 | 45,36,000 | 60,48,000 | 33.33 |
| SR Ferro Alloys | 35 | 19 | 1,512 | 1,33,56,000 | 1,47,67,200 | 10.57 |
|
West Bengal |
||||||
| Maithan Alloys Limited | 31 | 22 | 7,056 | 4,30,92,000 | 4,38,37,920 | 1.73 |
| Grand Total | 16233 | 107961000 | 112935480 |
4.61 |
||
Leave a Reply