Author: Nishtha Mukherjee
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India: OMC iron ore lumps e-auction receives active response, fines bids flat
State-owned miner Odisha Mining Corp (OMC) had scheduled an e-auction for iron ore fines and lumps today (2 Nov’21). About 1.013 mn t of iron ore fines and 887,000 t of lumps were put up for auction. For fines, the miner has reduced prices by up to INR 650/t, while for lumps the reserve price…