Orissa Minerals Development Company (OMDC) auctioned 8,935 t of iron ore CLO from its Bagiaburu mines in Odisha on 17 May. About 5,645 t (10-40 mm, Fe 60.63%) was booked at INR 4,300/t and 3,290 t (10-40 mm, Fe 61.53%) at INR 4,540/t against the set base price of INR 4,300/t for both grades. Prices are on ex-mines basis inclusive of royalty, DMF, and NMET.
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