Odisha Mining Corporation (OMC) is all set to conduct its first national Iron ore e-auction on 27 Oct, 2014 and is to offer 782,000 MT Iron ore.
Earlier, this month, the state owned miner had issued a notice stating that it will sell its saleable stock comprising of 50% of Iron ore via national e-auction, which will be conducted by MSTC. While, the remaining 50% would be reserved for those steel plants, which have long term MoU’s signed with OMC.
The interested buyers, who will be enlisted with OMC, can only participate in the auction. Material will be auctioned through mines namely Barpada–Kasia, Gandhamardan, Daitari and Kurmitar.
782,000 MT Iron ore (365,000 MT Calibrated lump ore & 417,000 MT fines) will be offered to the interested buyers.
OMC Iron Ore Production
|
Mines |
Production in FY14 |
Production Target for FY15 |
|
Barpada Kasia (Barbil) |
0.07 |
0.14 |
|
Gandhamardan |
0.26 |
0.41 |
|
Kurmitar (Koira) |
1.17 |
1.5 |
|
Daitari |
0.36 |
1.35 |
|
Total |
1.86 |
3.4 |
Production in MnT
Source: SteelMint Research
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