India: OMC keeps Base prices of Chrome Ore relatively unchanged for upcoming auctions in Feb'2020
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The Odisha Mining Corporation Ltd has decided to use the service of MSTC Ltd (a Govt. of India Undertaking) to conduct e-auction for selling off its (OMC) chrome ore. The Odisha Mining Corporation Ltd intends to sell various grades of chrome ore (friable) produced at South Kaliapani Chromite mines and Sukrangi Chromite mines of OMC Ltd in the Sukinda valley of JK Road Region, Jajpur Dist Odisha. OMC increased the base prices of various grades of Chrome Ore by 1.6% for February Chrome Ore Auctions on 27th Feb 2020.
The total quantity offered for the e-auction from Sukrangi and South Kaliapani mines is 33,100 MT. The Chrome Ore/Chrome Concentrate as mentioned in the e-auction schedule is available from Chrome Ore Mines/Stockyard, for sale through the online auction process. The bid value quoted shall be the basic price in Rupees per WMT (Wet Metric Ton) for the mineral inclusive of Royalty and exclusive of Cess and other statutory duties and levies etc. applicable at the time of supplies will be extra and payable by the successful bidder. For south Kaliapani and Sukrangi Mines, the minimum quantity to be bid is 100 MT, thereafter in multiples of 100 MT.
| OMC Chrome Ore Auction to be held on 27th Feb 2020 | |||
| Mines | Grade (Cr2O3) | Base Price (INR/MT) | Quantity offered for e-auction (MT) |
| South Kaliapani Chromite Mines | .+54% | 7,784 | 18,400 |
| 52-54 | 7,496 | 9,200 | |
| 48-50 | 6,919 | 1,500 | |
| 44-46 | 6,343 | 3,100 | |
| Sukrangi Chromite Mines | 48-50 | 6,919 | 200 |
| 46-48 | 6,631 | 100 | |
| 44-46 | 6,343 | 100 | |
| 42-44 | 6,054 | 500 | |
| Total | 33,100 | ||
