Tag: OMC Iron Ore E-auction
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India: OMC Iron Ore E-auction Receives Overwhelming Response; Fetches High Bids
Entire quantity offered managed to receive bids and bids went up by up to INR 1000-1150/MT against base price. Odisha Mining Corporation (OMC), a state-owned miner conducted e-auction today (i.e. 18 Jan’18) for 480,000 MT iron ore lumps. The material put under hammer was from Gandhamardan, Daitari and Koira mines. The miner increased the base…