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

State-run, Odisha Mining Corporation (OMC), has scheduled an auction for iron ore fines and lumps on 16 Dec’22. Around 1.15 mnt of fines and 0.65 mnt of lumps will be put up for auction from OMC’s mines. According to sources,

• The miner has increased the base price for fines by up to INR 650/t.
• Meanwhile, lumps prices kept stable against the last auction held on 16 Nov.