Tag: OMC iron ore auction

Odisha Mining Corporation (OMC) had scheduled an iron ore fines auction (Fe 60-62%) on 1 Feb’22 in which out of a total of 80,000 t of material, 79,000 t (99%) received bids. The auction received flat bids i.e. in line with the base price of INR 4,000/t ex-mines, including royalty, DMF and NMET. The state-run…