Directorate of Mines & Geology (DMG), Government of Goa sold 0.5 MnT (507,049 MT) Iron ore through 3rd e-auction held on 12 May, 14, as per the result confirmed today. 83% of total quantity has been procured from 0.6 MnT (610,761 MT) offered Iron ore.
In the e-auction, Sesa Sterlite is the largest buyer at 0.23 MnT (230,649 MT), followed by Royalline Resources & Bagadiya Brothers at 0.16 MnT (145,000 MT) & 0.08 MnT (78,220 MT) respectively. JSW Steel participated for the first time in Goa e-auction.
|
Buyers |
Total Allotted Qty |
Cargo Type |
Allotted Qty |
W.A. Grade |
W.A. Bid Prices |
W.A. Bid Prices* |
W.A. Base Prices |
|
Sesa Sterlite |
230,649 |
Fines |
202,837 |
61 |
2,153 |
35 |
2,046 |
|
Lumps |
27,812 |
60 |
1,911 |
32 |
1,796 |
||
|
Royalline Resources |
145,000 |
Fines |
110,000 |
52 |
722 |
12 |
711 |
|
Lumps |
35,000 |
53 |
894 |
15 |
883 |
||
|
Bagadiya Brothers |
78,220 |
Fines |
78,220 |
51 |
698 |
12 |
645 |
|
Fomento Resources |
30,000 |
Fines |
30,000 |
51 |
690 |
12 |
530 |
|
JSW Steel |
11,484 |
Fines |
11,484 |
59 |
1,867 |
31 |
1,867 |
|
Royalline Resources |
10,000 |
Fines |
10,000 |
54 |
1,190 |
20 |
1,190 |
|
Shraddha Ispat |
1,696 |
Lumps |
1,696 |
57 |
1,500 |
25 |
1,500 |
All prices in INR/MT
* Prices in USD/MT (INR at 60)
W.A – Weighted Average
Qty in MT; Grade in %
Out of 15 MnT Iron ore which is to be sold via e-auctions, DMG sold out 2.1 MnT (2,115,763 MT) of the material in last 3 e-auctions out of offered 2.4 MnT (2,464,604 MT). In the future e-auctions, suspension of Iron ore mining operations in Odisha may not impact Goa e-auction prices, as it is driven by international market rates.
The total quantity of Iron ore that has been exported from e-auction 1 & 2 is 0.23 MnT (234,600 MT).
In Nov’13, Goa government allowed sale of 15 MnT Iron ore stockpile lying at jetty (4 MnT,) port (0.2 MnT) & mines head (10.8 MnT).
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