The Odisha Gazette - 2018

In paragraph (A) General Principle, after clause (e), the following clause shall be inserted, namely; (f) In the national e-auction for minerals, traders should be discouraged and normally, the end-user industries should be allowed to participate, as far as possible. Participation of traders should normally be considered only if there is persistent lack of adequate response from the end-user industries-.

After paragraph (C) CHROME ORE LINKAGE, the following paragraph shall be inserted, namely; “(D) BAUXITE LINKAGE” a. 70% of the saleable stock shall be made available for long-term linkage to the state-based end-users and the remaining 30% shall be sold through national e-auction to be done every six months for price discovery. b. Weighted average price arrived at from the national e-auction should be the long-term linkage price for the appropriate grades of mineral. State-based end-user plants having long-term linkage can also take part in the auction. c. Floor price for the national e-auction may be fixed at the cost of production plus margin of profit of 50%.