State-owned miner Odisha Mining Corporation (OMC) has scheduled its next iron ore e-auction for 2 June’21 for a total of 619,000 t of iron ore lump. The miner has increased the quantity put under the hammer against 522,000 t declared on 25 May’21. The base price of the material on offer has been increased by up to INR 1,500/t against the base price set for the last e-auction on 31 Mar’21. OMC clocked total iron ore production at over 1.8 mn t in Apr’21 almost 48% higher than 1.23 mn t in Apr’20, SteelMint data shows.
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