Goa DMG Releases Base Price for 7th Iron Ore E-auction

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


S.no

Grade Material Type  Location Quantity


Base Price in INR/MT

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.

IIPS-Sign_10


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *