Odisha Mining Corporation (OMC) has received higher bids for 3rd quarter by INR 100-500/MT.
Odisha Mining Corporation, a state-owned miner, which had floated a tender for sale of 133,100 MT Iron ore fines for Q3 FY15 from different mines based in Barbil, Daitari, Gandhamardhan, has received higher bids.
Its last tender for sale of Iron ore fines floated for Q2 FY15 had also received higher bids by INR 200-900/MT.
|
OMC Bid Prices for Iron Ore Fines Tender |
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|
Mines |
Grade |
Prices for Q2 FY15 |
Prices for Q3 FY15 |
Change |
|
Barbil |
62-60 |
2,500 |
2,620 |
+ 120 |
|
Gandhamardan |
62-60 |
1,921 |
2,420 |
+ 500 |
|
60-54 |
800 |
1,106 |
+ 300 |
|
|
Koira |
60-62 |
2,200 |
2,620 |
+ 420 |
|
Daitri |
62 |
1,502 |
2,014 |
+ 500 |
Prices in INR/MT including royalty; Qty in MT
Prices have raised on the backdrop of the Supreme Court’s order, which asked miners in Odisha to stop production of mines running under second renewal in May, 2014.
Merchant miners are offering Fe 63% Fines in the range of INR 2,600-2,800/MT ex-mines (including royalty).
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