eAuction of Iron Ore at Goa
Government will eAuction mined iron ore lying idle at various location at Goa. After the ban by Supreme Court, there was no movement of iron ore or any other mineral in Goa.
The eAuction is coming as confusion to some of the buyer. All process for eAuction of half million tons iron ore in first phase will be carried out by DMG Goa. The bidders still are not confirmed about the grades of the ore which is being auctioned.
There is no authorized sampling agency which guarantees the grade of the ore. Random sampling can only confirm the grade lying on surface of the stock. Proper sampling and grading by an authorized nominated sampling agency is required to confirm the buyer about the iron ore stock.
In future may be some solution for the accurate grading can be established.
The eAuction is coming as confusion to some of the buyer. All process for eAuction of half million tons iron ore in first phase will be carried out by DMG Goa. The bidders still are not confirmed about the grades of the ore which is being auctioned.
There is no authorized sampling agency which guarantees the grade of the ore. Random sampling can only confirm the grade lying on surface of the stock. Proper sampling and grading by an authorized nominated sampling agency is required to confirm the buyer about the iron ore stock.
In future may be some solution for the accurate grading can be established.