State-run Odisha Mining Corporation (OMC) has scheduled auctions for iron ore fines and lumps on 3 Dec’21. Around 800,000 t of iron ore lumps and 1.1 mn t of fines will be put up for auction from OMC’s mines. The miner has cut the base price for fines by up to INR 1,000/t and that of lumps by up to INR 850/t against the last auction on 2 Nov.
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