India: OMC hikes base price for next iron ore fines auction

Odisha’s state-owned miner- Odisha Mining Corporation (OMC) has scheduled an auction for 545,000 t iron ore fines on 03 Nov’20. The miner has raised price by INR 200/t against last auction held on 03 Sept’20. The miner has increased prices on amid material availability constraints in merchant market. OMC produced 12.4 mn t iron ore in FY’20.


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