India: OMC lifts base price for upcoming iron ore fines e-auction

State-run Odisha Mining Corporation (OMC) has scheduled an auction for iron ore fines and lumps on 15 Jan’22. Around 862,000 t of iron ore lumps and 1.17 mn t of fines will be put up for auction from OMC’s mines. The miner has raised the base price for fines by INR 200-300/t against the last re-auction on 17 Dec’21.


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