Author: BigMint Technologies Pvt Ltd
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India: OMC’s 1st Iron Ore E-auction fetches Bid higher by 22%
The first ever online auction of Iron ore by Odisha Mining Corporation (OMC), which was conducted on 27 Oct, 2014 for 365,000 MT Iron ore lump through MSTC, has received overwhelming response. Bid prices have moved up by upto 22% owing to scarcity in the domestic market. Auction was opened for steel mills based outside Odisha…