Govt owned unit – SAIL has invited tender to sell 10,00,000 MT iron ore fines in open market. Company is waiting for 3 statutory clearance from respective states in order to start the dispatch from Feb 2020, officials shared in SAIL quarterly conference call. It is expected that they will get Clearance soon from CG & Odisha govt. However from Jharkhand govt clearance will be approved post elections.
Details of SAIL auction:
| Sl. No | Material Description | Quantity (Metric Tonne) | Location & Station Code | Bidding Basis | Auction Date/ Start Time |
| 1 | Kiriburu Iron Ore Fines Size: [-10 mm]Fe:62% (Indicative) | Total Qty. 2,00,000 MT (in 05 units,1 unit =40,000 MT) | Kiriburu Fines Stock Pile (Code – FOS) | F.O.R Loaded into rake Kiriburu | 13-12-2019* 12.00 Noon to 2.00 PM (Provided no bid is received during the last 5 minutes) |
| 2 | Meghahatuburu Iron Ore Fines Size: [-10 mm] Fe:62% (Indicative) | Total Qty. 3,00,000 MT (in 05 units, 1 unit = 60,000 MT) | Meghahatuburu Fines Stock Pile (Code – SSMK) | F.O.R Loaded into rake Meghaha tuburu | 18-12-2019* 12.00 Noon to 2.00 PM |
| (Provided no bid is received during the last 5 minutes) | |||||
| 3 | Gua Iron Ore Fines (From old dump) Size: [-10 mm] Fe:60% (Indicative) | Total Qty. 5,00,000 MT (in 05 units, 1 unit = 1,00,000 MT) | Gua Stock Pile | Ex-Mine basis through road transport | 23-12-2019* 12.00 Noon to 2.00 PM |
| (Provided no bid is received during the last 5 minutes) |
In Sept’19, Indian government took a decisive step in assuring supply of raw material to steel sector by allowing Steel Authority of India Ltd (SAIL) to sell 25% of its total annual mineral production in merchant market.
This was in order to avoid any kind of possible disruption that may occur because of mining auction due on March 2020.
Government of India has also given permission to sell 70 million tonnes of sub grade minerals in the captive mines of SAIL (Steel Authority of India Ltd) This would enable SAIL to lead the way in ensuring availability of iron ore in the years up ahead for the steel sector.
Last year the company’s iron ore production was 28 MnT.
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