Odisha Mining Corporation (OMC) has scheduled an auction for 1.05 mnt of iron ore (650,000 t of fines, Fe54-64% and 400,000 t of lumps, Fe62%) on 17 Jan’23. The floor price for fines is INR 2,800-5,450/t while that for lumps is INR 6,300-11,150/t, higher by up to INR 1,250/t and INR 3,650/t respectively compared to 16 Dec’22 auction. Prices include royalty, DMF, and NMET charges.
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