State PSU miner OMC has scheduled an iron ore auction on 19 Aug’22. Around 1.005 mnt of lump ore and 1.406 mnt of iron ore fines will go under the hammer. The base price of the auction is yet to be disclosed. In the previous auction, the merchant miner received a tepid response, as out of 2.757 mnt on offer, 1.097 mnt (40%) received bids.
Leave a Reply