State PSU miner Odisha Mining Corporation (OMC) had scheduled an iron ore e-auction today from its Daitari mines for 24,000 t of iron ore fines (Fe 62-64%). The entire material has received bids at INR 8,650-8,700/t against the base price set at INR 7,800/t, ex-mines (inclusive of royalty, DMF and NMET), sources informed SteelMint. OMC emerged as the largest merchant miner in Odisha in FY’21 with 13.30 mn t of production against 12.38 mn t in FY’20 – a growth of 7% year-on-year.
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