Correction:India: OMC increased base price of Chrome Ore by 4% for September Auctions

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 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 total quantity offered for the e-auction from Sukrangi and South Kaliapani mines is 30,500 MT. 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.

(Instead of decreased as reported earlier) OMC increased the base prices of all grades of Chrome Ore by approximately 4% for September Chrome Ore Auctions in line with the shortage of chrome ore availability and transportation problems prevailing in Jajpur Area.

The total quantity offered for the e-auction from Paradip Port is 2,479MT. For Paradip Port, bidder must quote for entire Lot offered for the auction.