Tag: OMC iron ore auction
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India: OMC raises base price by 7-31% for upcoming iron ore e-auctions
State-run Odisha Mining Corporation (OMC) has scheduled an auction for iron ore fines and lumps on 16 Feb’22. Around 627,000 t of iron ore lumps and 1.109 mnt of fines will be put up for auction from OMC’s mines. The miner has raised the base price for fines by INR 400-1,000/t (13-35%) against the last…