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Tag: OMC Iron Ore E-auction

  • OMC’s Iron Ore Re-Auction Receives Feeble Response

    OMC’s Iron Ore Re-Auction Receives Feeble Response

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    by

    Parul Jain
    in

    38% iron ore sold in the re-auction conducted on 08 Oct’15. The company reduced base prices upto INR 300/MT for the re-auction. Odisha Mining Corporation (OMC) had rescheduled an e-auction for 400,000 MT iron ore (360,000 MT lump & 40,000 MT fines) conducted on 08 Oct’15. The company received weak response and only 152,400 MT…