Of the 21 lakh tonnes of ore identified for e-auction, only 5.46 lakh tonnes got sold, fetching around Rs 44.41 crore. Nearly 15.6 lakh tonnes of ore, comprising 74 lots remained unsold.
In a bid to attract more participation, DMG had slashed the minimum earnest money deposit (EMD) to Rs 1 lakh for bidding up to 5000 metric tonnes from the earlier Rs 25 lakh for bidding up to 1000 metric tonnes of ore.
Of the 15 million tonnes of ore identified for e-auction, 7.71 million tonnes are still stacked awaiting auction.
In the last two years, DMG has managed to e-auction only 7.29 million tonnes of ore, of which 7 million tonnes have been moved out of the site. Nearly 46 lakh tonnes of ore have been exported.
