Demystifying non-fuel mineral auctions and their impact on the iron ore sector

  • IPO
  • Tender opening
  • Opening of technical bids
  • Evaluation of technical bids and selection of technically qualified bidders
  • Technically qualified bidders (TQBs): TQBs are bidders who meet all the eligibility criteria and whose IPOs meet the auction’s reserve price requirements. If there are fewer than three TQBs, the e-auction process will be terminated
  • Opening IPOs and selection of qualified bidders
  • Qualified bidders (QBs): TQBs are ranked in descending order of the IPOs they submit. The top 50% or the top five TQBs are considered as QBs. If there are 3–5 TQBs, all of them become QBs



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Acuity Knowledge Partners

Acuity Knowledge Partners

We write about financial industry trends, the impact of regulatory changes and opinions on industry inflection points.