Bhubaneswar: Odisha Mining Corporation (OMC) has retained the original date for its first ever Iron ore e-auction except a slight change. Although, the e-auction date for Iron ore lump has been retained on 27 Oct, 2014, the e-auction date for fines has been extended to 28 Oct, 2014.
“There is no change in the program except fines auction, which will be held on 28 Oct, 2014,” said an senior official of MSTC.
Earlier, there has been a report that the e-auction process will be delayed for few days owing to lesser number of registrations with MSTC – the agency that holds the e-auction.
In the first e-auction, OMC has earmarked 417,000 MT Iron ore fines and 365,000 MT Iron ore lumps of different grades. The company had produced about 2 MnT Iron ore during last fiscal year.
The prices fixed through this e-auction will decide the price of Iron ore to be supplied by OMC in Odisha on long-term basis. Also, the company is planning to schedule Iron ore e-auction on quarterly basis.
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