Tag: Eauction

India: OMC’s 1st Iron Ore Fines E-auction Bids up by 20%

Oct 28, 2014

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by

Seema Goenka

in Uncategorized

The first ever online auction of Iron ore by Odisha Mining Corporation (OMC) was conducted on 27 Oct, 2014 for 365,000 MT Iron ore lumps through MSTC. Today, 417,000 MT fines was offered and the e-auction has received bid prices higher than the base prices. Bid prices have moved up by 20% in contrast to base prices…