Govt. of Goa today released base prices for 11th iron ore e-auction to be held tomorrow (22 Sep’15).
Department of Mines & Geology (DMG), Goa has released the base prices for its 11th iron ore e-auction which is to be conducted tomorrow i.e 22 Sept’15. 1.12 MnT iron ore would be offered through 48 proposed lots. The offer comprises of 0.52 MnT fines, 0.56 MnT ROM 0.02 MnT lump and 0.02 MnT (either fines or lump).
Not much change in base price was observed for tomorrow’s e-auction. For instance, base price for fines (Fe 61%) located at Codli mines is INR 550/MT. Similarly, ROM (Fe 54-58%) located at Codli mine has been base priced at INR 500/MT similar to what it was in 10th e-auction. Lump (Fe 62%) located at Sulcorna mine is at base price of INR 500/MT.
Link to the Base Price for Goa 11th Iron Ore E-auction
By far, 6.2 MnT iron ore has been sold through 10 e-auctions conducted by Goa DMG. Thus, out of 15.1 MnT iron ore mined prior to the ban imposed in state, around 9 MnT of the raw material is yet to be sold.
Snapshot of Goa Iron Ore E-auctions
| Auction No | Auction Date | Offered Qty | Allotted Qty |
| 1st | 17 Feb’14 | 536,569 | 535,369 |
| 2nd | 5 Mar’14 | 1,241,393 | 1,073,945 |
| 3rd | 12 May’14 | 541,410 | 507,049 |
| 4th | 19-21 Aug’14 | 2,143,398 | 1,909,115 |
| 5th | 6-7 Nov’14 | 1,493,449 | 876,000 |
| 6th | 19 May’15 | 990,000 | 439,930 |
| 7th | 04 Aug’15 | 1,009,786 | 55,450 |
| 8th | 08 Sept’15 | 923,140 | 211,670 |
| 9th | 10 Sept’15 | 1,380,980 | 459,860 |
| 10th | 15 Sept’15 | 1,243,740 | 178,610* |
| Total | 11,503, 865 | 6,246, 998* | |
Qty in MT
*Provisional data
Source: Goa DMG
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