205,690 MT iron ore was sold via 13th Goa iron ore e-auction. Vedanta remained the major buyer and procured 87% of the allotted quantity.
13th Goa iron ore e-auction held on 04 Nov’15 received a dull response. Out of 1,350,130 MT iron ore offered only 205,690 MT (i.e. 15% of the offered quantity) was sold.
There were only 2 bidders in the e-auction. Vedanta procured 178,340 MT iron ore and remained the major buyer.
Bidder-wise allotted quantity
|
|
Fines | Lump | ROM |
|
| Vedanta Limited | 112,890 | 23,220 | 42,230 | 178,340 |
| Sri Santhipriya Minerals | 19,300 | 410 | 7,640 | 27,350 |
|
|
132,190 | 23,630 | 49,870 | 205,690 |
Qty in MT
Source: Goa DMG
While, lots containing fines fetched decent response from the bidders, lump and ROM failed to attract good response from bidders.
All the lots received flat bids
- The lot containing 51,980 MT fines (Fe 61%) located at Codli mines was base priced at INR 500/MT. It received bids at its base price of INR 500/MT
- Lot containing ROM (Fe 60%) located at Amona plant received bids at INR 500/MT
- Lot containing lump (Fe 58%) located at Rivona mine received bids at INR 500/MT
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