State PSU miner OMC has scheduled an iron ore auction on 16 Nov’22. Around 0.936 mnt of lump ore and 1.207 mnt of fines will go under the hammer. The base price of the auction is yet to be disclosed. In the previous auction, the merchant miner received a good response, as out of 1.761 mnt on offer, 1.434 mnt (81%) received bids.
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