India: OMC Increases Base Price Of Chrome Ore by 15% For October 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. OMC increased the base prices of all grades of Chrome Ore by 15% for October Chrome Ore Auctions in line with the shortage of chrome ore availability with the producers.

The total quantity offered for the e-auction from Sukrangi and South Kaliapani mines is 91, 000 MT. The Chrome Ore/Chrome Concentrate as mentioned in the e-auction schedule is available from Chrome Ore Mines/Stockyard, as mentioned therein, 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.