Odisha Mining Corporation (OMC) has scheduled an e-auction for 100,000 MT Iron ore (75,000 MT lump and 25,000 MT fines) from its Koira mines on 25 Feb’15.
State-owned miner, Odisha Mining Corporation (OMC) is to auction 100,000 MT Iron ore comprising of 75,000 MT lump and 25,000 MT fines from its Koira (Odisha) mines. The company had auctioned Iron ore from its Koira mines in the e-auction conducted on 27 Oct, 2014.
OMC’s Base Price Comparison in Iron Ore E-auctions
|
Size |
Grade (Fe %) | Base Price (25 Feb’15) | Base Price (27 Oct’14) |
Change |
| 10-40 mm | 62 | 3,641 | 4,500 | -20% |
| Fines | 60-62 | 2,104 | 2,600 | -20% |
Base price in INR/MT on ex-mines basis; inclusive of royalty
Source: SteelMint Research
It is noticeable that OMC has reduced its base price of both lump & fines by 20% in comparison with its previous e-auction.
OMC to auction 257,000 MT Iron Ore today: OMC is to auction 99,000 MT lump and 158,000 MT fines through MSTC from its mines namely Barbil, Gandhamardan and Daitari region of Odisha.
|
Iron Ore Lump Detail |
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|
Region |
Size (mm) | Grade | Base Price |
Qty (MT) |
| Barbil | 10-40 | Fe +62% | 3,237 | 6,000 |
| Daitari | 10-40 | Fe +62% | 3,237 | 65,000 |
| Gandhamardhan | 10-40 | Fe +62% | 3,318 | 25,000 |
| Gandhamardhan | 10-180 | Fe +65% | 3,427 | 3,000 |
| Total |
99,000 |
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|
Iron Ore Fines Detail |
||||
| Barbil | (-) 10 | Fe 60-62% | 2,057 | 13,000 |
| Daitari | (-) 10 | Fe 62-64% | 2,427 | 33,000 |
| Daitari | (-) 10 | Fe 60-62% | 2,261 | 17,000 |
| Gandhamardhan | (-) 10 | Fe 60-62% | 2,023 | 90,000 |
| Gandhamardhan | (-) 10 | Fe 54-60% | 1,333 | 5,000 |
| Total |
158,000 |
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Base price in INR/MT on ex-mines basis; inclusive of royalty
Source: SteelMint Research
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