Odisha Mining Corporation (OMC) has scheduled an e-auction on 20 Feb, 2015 for 257,000 MT Iron ore.
Iron ore auction is to be conducted on 20 Feb, 2015 by Odisha Mining Corporation (OMC) for 99,000 MT lump and 158,000 MT Iron ore fines through MSTC. Material is available at different Iron ore mines of OMC in Barbil, Gandhamardan and Daitari region of Odisha.
MSTC will conduct two different e-auctions on 20 Feb, 2015. Sale of 99,000 MT Iron ore lump is restricted for end-users only. Whereas, sale of Iron ore fines is open for all type of purchasers.
Bidders have to quote for basic price in INR/MT, which will be inclusive of royalty and exclusive of Cess and other statutory duties & levies. Bidders have to quote for minimum quantity of 1,000 MT and multiple of 1,000 MT for both the auctions.
| Details of Iron Ore Lump | ||||
| Region | Lot No. | Size (mm) | Grade | Qty (MT) |
| Barbil | A | 10-40 | Fe +62% | 6,000 |
| Daitari | B | 10-40 | Fe +62% | 65,000 |
| Gandhamardhan | C | 10-40 | Fe +62% | 25,000 |
| Gandhamardhan | D | 10-180 | Fe +65% | 3,000 |
| Total | 99,000 | |||
|
Detail of Iron Ore Fines |
||||
| Barbil | E | (-) 10 | Fe 60-62% | 13,000 |
| Daitari | F | (-) 10 | Fe 62-64% | 33,000 |
| Daitari | G | (-) 10 | Fe 60-62% | 17,000 |
| Gandhamardhan | H | (-) 10 | Fe 60-62% | 90,000 |
| Gandhamardhan | I | (-) 10 | Fe 54-60% | 5,000 |
| Total | 158,000 | |||
Important Dates
For Iron Ore Lump
Bid submission due date: 19 Feb, 2015 at 17.00 hrs
Opening date: 20 Feb, 2015 at 10.00 hrs
For Iron Ore Fines
Bid submission due date: 19 Feb, 2015 at 17.00 hrs
Opening date: 20 Feb, 2015 at 14.00 hrs
Note: The last e-auction conducted for 387,000 MT (149,000 MT Iron ore lump and 238,000 MT Iron ore fines) on 27 Jan, 2015 has received extremely poor response; only 25% material was sold. Most of the Steel & Sponge makers kept themselves out of the e-auction owing to cheaper Iron ore available with private miners and secondly uncertain transport charges from OMC mines.
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