Odisha Mining Corporation gears up to hold bauxite e-auctions in April

State-owned mining entity Odisha Mining Corporation (OMC) is gearing up to hold its first ever national e-auctions for bauxite. The auctions are expected to be conducted on the MSTC platform in April.

OMC has started mining activity at Kodingamali lease. Bauxite extracted from this mine would be offered for auctions. Preference would be given to end use industries at the auctions. The surplus stock left after meeting the requirement of such industries could be offered to traders. OMC is yet to take a call on the quantum of bauxite to be offered at auctions.

The mining PSU would offer 30 per cent