Iron ore e-auction held on 12 May, 2015 received a poor response with only 0.38 MnT of the raw material being sold. The material was offered by NMDC Kumarswamy mines & private miners. Out of the allotted quantity, 0.28 MnT was fines & rest comprised of lump.
NMDC sold 0.16 MnT of the raw material. NMDC lump (Fe 62.8%) fetched flat bids and was sold at INR 2,560/MT (basic). NMDC fines (Fe 59.7%) was sold at INR 1,280/MT.
Lump (Fe 60.9 %) offered by private mines was allotted at INR 2,380/MT. Fines (Fe 58.4%) was sold at INR 1,000/MT.
Supplier-wise Allotted Quantity
| Supplier | Fines | Lump | Grand Total |
| NMDC Kumarswamy Mines | 80,000 | 76,000 | 156,000 |
| Mysore Minerals | 100,000 | 8,000 | 108,000 |
| Sesa Sterlite | 68,000 | 8,000 | 76,000 |
| Others | 28,000 | 8,000 | 36,000 |
| Total | 276,000 | 100,000 | 376,000 |
Quantity in MT
Source: Karnataka DMG
JSW Steel was the largest buyer at 0.2 MnT followed by BMM Ispat & Jayalaxmi Mineral.
Buyer-wise Allotted Quantity
| Company | Fines | Lump |
Grand Total |
| JSW Steel | 160,000 | 52,000 | 212,000 |
| BMM Ispat | 52,000 | 52,000 | |
| Jayaalaxmi Mineral | 12,000 | 8,000 | 20,000 |
| Others | 52,000 | 40,000 | 92,000 |
| Total | 276,000 | 100,000 | 376,000 |
Quantity in MT
Source: Karnataka DMG
Note: Grade & prices are weighted average
Prices mentioned are basic
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