Goa Government yet to conduct 3rd e-auction as it is on hold owing to non-clarification over Port storage charges.
Goa Government which allowed e-auction of mined stock lying at different stockyards and mines head is yet to declare its 3rd e-auction. Sources close to this matter highlighted that previously Goa Government kept auction on hold due to fall in global prices, but now non clarity on port charges have forced government to keep it on hold.
According to sources, when Goa DMG (Directorate of Mines & Geology) invited registration from bidders, they did not mention about Port storage charges. However, port authorities that come under Central Government (Ministry of Shipping) have asked the state government for port charges.
Recently, first shipment was made by Bagadiya Brothers from Goa, for which they have paid a Bank Guarantee (BG) to port and got the NOC, according to trade sources.
After the Supreme Court’s order on liquidating stock (15 MnT) lying at various jetties, stock yards, mines head & port, DMG had conducted 1st auction on 17 Jan, 2014, 2nd auction on 05 Feb, 2014 and 3rd auction was supposed to be conducted in last week of March, 2014.
Goa, DMG has auctioned around 1.7 MnT Iron ore till now and received good response from Indian exporters.
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