OMC Chrome Ore prices have been very volatile in H2 CY19. The scenario of Ferro Chrome in the global market mostly drives the Chrome Ore prices. However, the prices of Chrome ore have been taking an interesting turn after mid-August, when the supply disruptions in Odisha created havoc among the producers of Ferro Chrome as many went out of stock. Therefore, in September the prices rose by 25% M-o-M in line with a supply shortage of the Chrome Ore in the market.
News ID: 8143 Publish Date : 2019/12/26
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.
News ID: 7060 Publish Date : 2019/10/23
Odisha’s state-owned miner- Odisha Mining Corporation ( OMC ) had scheduled its iron ore fines e-auction yesterday (21st Oct’19). Total quantity put under the auction was 276,000 MT iron ore fines. Entire offered quantity was booked registering sharp increase over set base price.
News ID: 7051 Publish Date : 2019/10/22
State-Owned, Odisha Mining Corporation ( OMC ) conducted the e-auction on 13 Aug’19. Despite low demand in the market, and falling Ferro Chrome prices, OMC received a good response, as the entire quantity was booked at prices approximately 6% higher than the base price. Lower graded material viz., 46-48% and 44-46% received a much higher response as the booking price was 14% higher than the base price.
News ID: 6033 Publish Date : 2019/08/18
Public sector steel maker Neelachal Ispat Nigam Ltd (NINL) has been finally made to bite the bullet. The steel plant co-promoted by trading company MMTC Ltd and two Odisha government controlled undertakings- Odisha Mining Corporation ( OMC ) and Ipicol, has gone for a shutdown of its blast furnace at its Duburi plant in Odisha’s Kalinganagar industrial complex.
News ID: 5963 Publish Date : 2019/08/16
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.
News ID: 5926 Publish Date : 2019/08/15
Odisha’s state-owned miner- Odisha Mining Corporation ( OMC ) had scheduled an auction for sub-grade iron ore fines today (i.e. on 05th Aug'19). Total quantity put under the auction was 525,000 MT fines (Fe 58%) . Traders were restricted to take part in this auction.
News ID: 5825 Publish Date : 2019/08/07
Odisha’s state-owned miner- Odisha Mining Corporation ( OMC ) had scheduled its iron ore lump e-auction today (2nd Aug’19). Total quantity put under the auction was 457,000 MT iron ore lumps. Out of the total quantity nearly 60% (275,000 MT) of material fetched bids.
News ID: 5735 Publish Date : 2019/08/05
SteelMint has learned from the market sources that Odisha’s state-owned miner- Odisha Mining Corporation ( OMC ) had scheduled an auction for sub-grade iron ore (Fe 56%) fines yesterday (i.e. on 18th Jul'19).
News ID: 5354 Publish Date : 2019/07/20
State Owned, Odisha Mining Corporation ( OMC ) conducted the e-auction on 15 Jul’19. Amid low demand in the market, and falling Ferro Chrome prices, OMC received a meagre response, as the entire quantity was not booked.
News ID: 5303 Publish Date : 2019/07/19
The miner has raised base price by INR 100/MT from its Gandhamardhan and Koira mines.
News ID: 5120 Publish Date : 2019/07/11
Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in May’19 was noted to be 380,909 MT. It is lower than the previous month’s production viz., Apr’19 by 18%.
News ID: 4978 Publish Date : 2019/07/02
Odisha contributes almost entirely towards chrome ore production in India. Chrome Ore Production in Apr’19 was noted to be 420,340MT. It is lower than the previous month’s production viz., Mar’19 by 11%.
News ID: 4748 Publish Date : 2019/06/04
State Owned, Odisha Mining Corporation ( OMC ) conducted the e-auction on 14 May’19. Amid low demand in the market, and falling Ferro Chrome prices, OMC received a meagre response, as the entire quantity of friable chrome ore received bids at about the same as the base price.
News ID: 4596 Publish Date : 2019/05/20
As per sources report to SteelMint, JSW Steel booked 20,000 MT iron ore fines (Fe 64-62%) from Daitari mines in OMC e-auction conducted today (14th May'19) . The company has booked iron ore fines at base price of INR 2,450/MT (inclusive of Royalty).
News ID: 4544 Publish Date : 2019/05/16
Odisha Mining Corporation ( OMC ) - a state-owned miner is to conduct next e-auction for 430,000 MT iron ore fines on 07th May'19. The material put under the hammer is from Gandhamardan, Daitari, and Koira mines. No traders shall be allowed to take part in the e-auction.
News ID: 4469 Publish Date : 2019/05/09
State Owned, Odisha Mining Corporation ( OMC ) is all set to conduct the e-auction on 04 May’19. Ores from Sukrangi Mines and South Kaliapani Mines will be put under the hammer during this month’s auction.
News ID: 4462 Publish Date : 2019/05/09
In the April round of e-Auction, conducted by Odisha Mining Corporation ( OMC ) on 04 Apr’19 received a moderate response in line with low demand in the market.
News ID: 4265 Publish Date : 2019/04/09
Neelachal Ispat Nigam Ltd (NINL) has witnessed 111 percent surge in its hot metal output for the last financial year ended March 31, 2019.
News ID: 4219 Publish Date : 2019/04/07
State-owned miner - Odisha Mining Corporation ( OMC ) is all set with iron ore production ramp up plans for coming years to make up for expected supply disruption after March 2020 following lease expiry.
News ID: 4196 Publish Date : 2019/04/06
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Lure of Anglo’s copper mines could test BHP’s spending resolve
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Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
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