India: OMC cuts base prices for upcoming iron ore fines e-auction

State-run Odisha Mining Corporation (OMC) has scheduled an auction for iron ore fines and lumps on 19 Aug’22. Around 1.43 mnt of fines and 0.96 mnt of lumps will be put up for auction from OMC’s mines. The miner has decreased the base price for fines by up to INR 600/t whereas the base price for lumps remains unchanged against the last auction held on 18 July.


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