55,450 MT iron ore was sold via Goa 7th iron ore e-auction.
As per bidsheet released today by DMG, Government of Goa, Sesa Sterlite procured majority of the sold quantity in 7th iron ore e-auction. In its e-auction held on 4 Aug’15, out of 1,009,786 MT iron ore offered, merely 55,450 MT was sold.
The e-auction fetched dull response owing to high base prices. As anticipated earlier, Sesa Sterlite procured 96% of the allotted material. The material was from codli mines, which incorporates a major part of its mining operations.
Bidder-wise details of 7th Goa e-auction
|
Lot no. |
Material Type |
Grade | Location | Bidder Name |
Base Price |
Bid Price |
Offered | Allotted Qty |
|
Qty |
||||||||
| 4 | Fines | 60 | Codli Mine | Sesa Sterlite | 620 | 840 | 20,453 | 20,450 |
| 5 | Lump | 59 | Sesa Sterlite | 1,530 | 1,530 | 35,000 | 33,000 | |
| Shree Someshwar Traders | 1,530 | 1,530 | 2,000 | |||||
| Total | 55,453 | 55,450 |
Quantity in MT
Prices in INR/MT
Source: DMG (Govt. of Goa)
Recently, DMG, Government of Goa has put forward the tentative lots for its 8th e-auction through which 4.7 MnT iron ore would be put under hammer.
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