Author: Nishtha Mukherjee
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India: OMC iron ore lumps auction sold out, fines get weak response
State-owned miner Odisha Mining Corporation (OMC) had scheduled iron ore lumps and fines e-auction on 1 Oct’21. About 781,000 tonnes (t) of iron ore lumps and 942,000 t fines were put up for auction. In the lumps e-auction, the entire quantity received bids. Bids in the auction increased by up to INR 3,700/t as against…