India: OMC cuts base price for upcoming iron ore e-auctions

State-run Odisha Mining Corporation (OMC) has scheduled an auction for iron ore fines and lump on 18 Apr’22. Around 666,000 t of iron ore lump and 950,000 t of fines will be put up for auction from OMC’s mines. The miner has decreased the base price for fines by up to INR 350/t and that for lump by up to INR 875/t as against the last auction on 15 March.


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