State-owned miner Odisha Mining Corporation (OMC) has scheduled an iron ore fines e-auction on 31 Aug’21. The total material to be put under the hammer has been increased to 902,000 t. The miner has lowered base prices by up to INR 1,000/t compared to the floor price at the previous auction on 23 Aug’21. At the last iron ore fines e-auction on 23 Aug, the miner received weak participation, with 24,000 t of iron ore, or 28% of 866,000 t of material on offer, getting booked.
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