India: OMC reschedules over 2.77 mnt iron ore auction for 23 June

State-run Odisha Mining Corporation (OMC) has rescheduled an auction for iron ore fines and lump on 23 Jun’22. Around 1.227 mnt of iron ore lump and 1.55 mnt of fines will be put up for auction from OMC’s mines. The miner has raised the base price for lump by up to INR 1,150/t and that for fines by up to INR 800/t as against the base prices fixed for the auction scheduled for 17 June.


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