Tag: OMC iron ore auction

India: Bids in OMC iron ore lump e-auction surge by upto INR 500/t ($7)

Jul 31, 2020

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by

Monika Bajaj

in Fines/Lumps

Odisha’s state-owned miner- Odisha Mining Corporation (OMC) had scheduled iron ore lump e-auction today (31st July’20). The entire quantity of 600,000 t has been booked. Bids in today’s auction increased upto INR 500/t over the set base price. The bid prices have risen amid tighter availability in Odisha owing to monsoons and also with majority…