Tag: OMC iron ore auction

India: Nearly 60% of material sold at OMC’s iron ore lump auction

Aug 20, 2022

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by

P Anjali

in Fines/Lumps

At Odisha Mining Corporation’s (OMC) iron ore lump auction yesterday, 542,000 t, or 57% of the total quantity of 955,000 t, received bids. The miner increased the bid price for lumps by up to INR 600/t for the auction against the last auction on 18 Jul’22. OMC produced 27 mnt of iron ore in FY’22…