Author: BigMint Technologies Pvt Ltd
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India: 25% of Iron ore sold in OMC E-auction
Odisha Mining Corporation (OMC) received extremely poor response for its recent e-auction conducted for 387,000 MT Iron ore (238,000 MT Iron fines and 149,000 MT Iron lump). Only 25% of material put under hammer was sold. Most of the Steel and Sponge makers kept themselves out of this e-auction owing to cheaper Iron ore available…