Auction Notice

India: OMC Lowers Base Price by 6% for June Chrome Ore Auctions

State Owned, Odisha Mining Corporation (OMC) is all set to conduct the e-auction on 11 Jun’19. Ores from Sukrangi Mines and South Kaliapani Mines will be put under the hammer during this month’s auction. The total quantity offered for the e-auction from Sukrangi and South Kaliapani mines is 34,200MT. The bid value quoted shall be the basic price in Rupees per WMT (Wet Metric Ton) for the mineral inclusive of Royalty and exclusive of Cess and other statutory duties and levies etc. applicable at the time of supplies will be extra and payable by the successful bidder. For south Kaliapani and Sukrangi Mines, the minimum quantity to be bid is 100 MT, thereafter in multiples of 100 MT. The total quantity offered for the e-auction from Paradip Port is 2,479MT. For Paradip Port, bidder must quote for entire Lot offered for the auction.

 

OMC Chrome Ore Auction to be held on 11 June 2019
Mines Grade (Cr2O3) Base Price (INR/MT) Quantity offered for e-auction (MT)

South Kaliapani

 

 

 

54 10,649 14900
52-54 9,775 6000
48-50 9,017 6000
44-46 6,829 6000
Sukrangi Chromite Mines

 

44-46 7,128 400
42-44 6,804 900
TOTAL  34,200
Paradip Port 48-50 9,017 2479

TOTAL

 2,479

Source: SteelMint


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