Odisha Mining Corporation (OMC) has scheduled its next iron ore fines e-auction on 21st Dec’20 for 300,000 t. Fines offered is of grade Fe 58% from its Koira mines. The base price is set at INR 2,300/t (ex-mines, including Royalty). In the last low-grade iron ore fines auction held from Koira mines on 3rd Sep’20, the miner fetched bids at INR 2,300/t against set base price of INR 1,050/t.
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