Directorate of Mines & Geology (DMG), government of Goa is to put 2.11 MnT iron ore under hammer for the 15th e-auction via 123 lots. The auction is to be conducted tomorrow ( i.e. 27 Apr’16).
The offered quantity comprises of ROM (1.48 MnT), fines (0.48 MnT) and lump (0.15 MnT).
Unlike previous e-auction conducted on 24 Dec’15 wherein base price of all material type across all grades was fixed at INR 500/MT, base price for tomorrow’s e-auction has observed an increase.
For tomorrow’s e-auction fines offered ranges from Fe 43-63% whose base price has been fixed in the range of INR 500-1,200/MT. Similarly for lump (Fe 43-63%) base price ranges from INR 500-1,200/MT. However for ROM (Fe 41-62%) base price has been fixed at INR 500-970/MT.
ROM (Fe 56%) offered from Codli mine has base price of INR 650/MT. Fines (Fe 58.4%) located at Vagus jetty has been base priced at INR 1,150/MT.
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