Govt. of Goa today released base prices for 7th iron ore e-auction to be held tomorrow.
Department of Mines & Geology (DMG), Goa has released the base prices for its 7th iron ore e-auction which is to be conducted tomorrow. 1 MnT iron ore would be offered through 16 proposed lots. The offer comprises of 0.7 MnT ROM, 0.27 MnT is fines and 0.04 MnT lump.
Base Price for Goa 7th Iron Ore E-auction
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Grade | Material Type | Location | Quantity |
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| 1 | 63 | Fines | Codli Mine | 14,163 | 1,800 |
| 2 | 64 | Fines | Codli Mine | 4,344 | 1,620 |
| 3 | 60 | Fines | Codli Mine | 717 | 1,530 |
| 4 | 60 | Fines | Codli Mine | 20,453 | 620 |
| 5 | 59 | Lump | Codli Mine | 35,000 | 1,530 |
| 6 | 61 | Fines | Codli Mine | 51,986 | 1,530 |
| 7 | 61 | Fines | Codli Mine | 77,892 | 1,530 |
| 8 | 64 | Fines | Codli Mine | 100,487 | 1,800 |
| 9 | 62 | ROM | Odamol Mine | 166,344 | 1,160 |
| 10 | 49 | ROM | Vagus Jetty | 15,000 | 500 |
| 11 | 63 | ROM | Vagus Jetty | 32,000 | 1,460 |
| 12 | 59 | ROM | Patiem/Tudou Mine | 83,385 | 725 |
| 13 | 53 | ROM | Patiem/Tudou Mine | 72,270 | 510 |
| 14 | 49 | ROM | Patiem/Tudou Mine | 178,575 | 500 |
| 15 | 54 | ROM | Patiem/Tudou Mine | 86,690 | 550 |
| 16 | 50 | ROM | Patiem/Tudou Mine | 70,480 | 500 |
| Total | 1,009,786 |
Quantity in MT
Source: DMG (Govt. Of Goa)
Link to Base Price for 7th Iron Ore E-auction in Goa
An exporter shared that exports being less viable, exporters might not actively participate in the e-auction. However, domestic steel mills might buy iron ore. Sesa Sterlite might remain a prominent buyer as about 0.3 MnT iron ore is being offered from Codli Mines which incorporates a major part of its mining operations.
Snapshot of Goa Iron Ore E-auctions
5.3 MnT iron ore has been sold via six Goa e-auctions conducted so far. Taking into account the sold quantity and the one scheduled tomorrow, Govt. of Goa is still left with 8.8 MnT iron ore to be auctioned in the upcoming e-auctions. Last e-auction, conducted on 19 May’15, fetched a moderate response with 44% of the offered quantity being sold.
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