Odisha Mining Corporation (OMC) has recently put 150,000 MT iron ore in the upcoming e-auction to be conducted on 23 July’15. The material has been offered from Koira mines of grade Fe 62% (10-40 mm).
The company kept base price unchanged. Current offers are INR 2,900/MT.
In the previous e-auction conducted on 09 July’15, the company offered 130,000 MT iron ore from Koira mines. Although, the material remained unsold, the company reduced base price upto 10% as previously it was offered at INR 3,200/MT.
Base Price Comparison in Iron ore E-auctions
| OMC Mines | Size (mm) | Fe(%) | E-auction on 23 July’15 |
E-auction on 09 July’15 |
E-auction on 17 June’15 |
E-auction on 25 May’15 | E auction on 12 May’15 |
| Kurmitar (Koira) | 10-40 | 62 | 2,900 | 2,900 | 3,200 | – | 3,200 |
| -10 | 56-52 | – | – | 900 | 900 | – | |
| -10 | 62-60 | – | – | 1,500 | – | 1,565 |
Ex-mines prices, including royalty
*FOR prices
E-auction floor prices in INR/MT
Source: Steelmint Research
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