Online Marketplace Auction Platforms for Minerals | mjunction
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OVERVIEW

Our category management team involved in e-Selling of Iron Ore & Minerals is a blend of highly skilled resources from various industries with specific industrial product handling experience. This enables seller to understand the current market scenario in the Iron Ore segment, selling strategy to be adopted, best practices followed in the industry and to decide the final selling price for Iron Ore. We also appoint industry experts as advisors and mentors to deal with such high value or strategic products. With 250 registered customers for Iron Ore selling, we have sold over 20 Million MT of Iron Ore as on date, among which 5 Million MT sold on our platform in FY21. We have worked with major Iron Ore miners in Indian like NMDC, OMDC & SAIL RMD.

Auction Methodology


Buyer management
Category management and market intelligence
Online EMD management
Auction Methodology
Buyer management
Category management and market intelligence
Online EMD management

SERVICES

Post Sales Services

The salient features of this service are appended below:
Issue of Sale Order: We will be responsible in issuing Sale Order to winning customer(s)
Collection of Payment : We will be responsible for collection of payment as per payment schedule
Issue of Delivery Order: We will be responsible to issuing DO to the customers
Refund: We will keep record of the actual delivery and accordingly will process refund excess amount to the customers in case of short delivery as per predefined terms.

Buyer Finance

Our financing division, which makes unsecured online finance Solutions available on attractive terms to buyers and channel partners, which include distributors, dealers and end users who buy from our clients. We have tied up with 14 large banks, financial institutions and NBFCs which provides supply chain finance

Case study

e-Selling Iron Ore

SAIL is the second largest organization in iron ore mining in India. Raw Materials Division (RMD), the mining wing of Steel Authority of India Limited (SAIL), is operating 8 iron ore mines and 2 flux mines spread over Jharkhand, Odisha and Madhya Pradesh to supply Iron ore, Limestones

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