Bhubaneswar: While the private miners in Odisha are opposing e-auction of minerals, especially Iron ore the steel industry has reiterated its demand for sale of the entire quantity of iron ore produced in the state through e-auction platform.
“The iron ore from OMC and private miners should be made available at fair market price to the Odisha based steel units. Alternatively, the entire iron ore mined in the state can be sold through the e-auction route with fair reserve price”said Mr Vishal Agrwal, Chairman, Indian Chamber of Commerce Odisha Chapter and Managing Director of Visa steel.
Recently the Odisha based miners while opposing e-auction of minerals had said that the proposed e-auction will neither benefit the mining industry nor the government.
Mr Agrawal said that the government of Odisha should appoint an Iron ore price regulator which would ensure fair market price of Iron ore in the state. The state government can also facilitate OMC to enter into Long term Agreement for Iron ore linkage and encourage Joint Ventures for development of non-working Iron ore mines similar to what OMC has entered into with Aluminum industries for Bauxite mining.
He further demanded that the imposition of 5% export duty on pellets is not enough and it should be increased to 30%. Similarly, export duty on iron ore should be increased to 40% to ensure raw material availability for the domestic steel industry.