While the Odisha government is struggling to bring the private miners aboard for the proposed e-auction of minerals, the Odisha Mining Corporation (OMC) may start e-auction of iron ore from October this year. The Odisha government controlled miner is already conducting e-auction for sale of its Chrome ore.
However, the state government is trying to bring the private miners into the e-auction umbrella to make it more comprehensive. The state government had given in-principle nod for starting the auction process but is awaiting a directive from the Supreme Court appointed central empowered committee (CEC) to enforce it on private miners. The issue is expected to be finalised during the meeting between the Odisha government and the CEC in July.
Odisha Mining Corporation
Meanwhile, In July the state steel and mines department has decided to send some of its officials in the rank of DDM to Bangalore for training on the e-auction process.
“The government is finding it tough to get the leading private miners’ consent for the e-auction, but the government controlled miner OMC may start iron ore e-auction from October. On the other hand few officials will be sent to Bangalore for training on the e-auction technique” said a senior official of the Directorate of Mines.
Odisha Mining Corporation – E Auction
It may be noted that, the CEC has urged the Odisha government to analyse price trends of ore sold by top miners including state owned Odisha Mining Corporation (OMC) and compare the same with prevailing auction prices.