Tag: OMC Iron Ore E-auction
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India: Weak response to OMC’s Iron Ore E-Auction
The latest round of iron ore e-auctions by state controlled miner Odisha Mining Corporation (OMC) invited lacklustre response with only 40% of the offered quantity booked by the end users. OMC had offered 508,900 MT of iron ore and out of this, only two lakh tonne was booked. Both iron ore lumps and fines were…