Odisha Mining Corporation’s (OMC’s) conducted an auction for the sale of over 341,000 t of unsold iron ore produced by ex-lessees in the auctioned mines in Odisha from Koira and Joda mining circles on 9 Feb’23.
- 268,000 t subgrade lumps (5-30 mm, 57.49%) were sold at INR 150/t higher than base prices of INR 3,205/t.
- 73,000 t iron ore lumps (Fe52.84%) were sold at the floor price of INR 1,322/t.
- Prices were inclusive of royalty, DMF, and NMET charges.
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