The Orissa Minerals Development Company Limited (OMDC) has scheduled an auction for 16,000 t of iron ore from its Bagiaburu mines in Odisha on 21 May’24. Out of the total quantity, 8,000 t are iron ore fines (Fe 55%) and 8,000 t are CLO (Fe 58%). The floor prices are yet to be declared by the company, which will be on FOT basis and exclusive of royalty, DMF and NMET.
