Odisha Mining Corporation (OMC), a state-owned miner has scheduled its next e-auction on 3 Feb’17 for 778,900 MT iron ore. The material to be put under hammer is from Gandhamardan, Daitari and Koira mines.
The offered quantity comprises of 553,900 MT lump and 225,000 MT fines.
Base prices of lumps for few grade has increased by INR 200/MT. Fines (Fe 64-62%) base prices have increased by INR 100/MT.
Base price comparison of OMC iron ore e-auctions
|
Mines |
Size (mm) |
Fe (%) |
Base Price on 28 Nov’16 |
Base Price as on 3 Feb’17 |
Change |
Quantity (MT) |
|
| Gandhamardan |
10-180 |
65 |
1400 |
1400 |
= |
60,000 |
|
|
10-40 |
62 |
1800 |
2000 |
200 |
70,000 |
||
|
10-30 |
62 |
0 |
2200 |
= |
3,900 |
||
|
-10 |
64-62 |
0 |
1300 |
= |
25,000 |
||
| Kurmitar (Koira) |
10-40 |
62 |
2200 |
2400 |
200 |
300,000 |
|
|
-10 |
62-60 |
750 |
750 |
= |
100,000 |
||
| Daitari |
10-40 |
62 |
2000 |
2000 |
= |
120000 |
|
|
-10 |
64-62 |
1300 |
1400 |
100 |
100,000 |
||
| Total |
778,900 |
||||||
Base prices in INR/MT on ex-mines basis; including royalty
Source: SteelMint Research
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