Bhubaneswar The worst fear of Orissa Mining Corporation (OMC), state government-owned company, has come true. The company has lost iron ore worth R34 crore in rains.

Sources in OMC say iron ore fines dumped at Gandhamardan mines and Kumitar mines have been lost due to rains. A huge stock of iron ore were lost as it could not take adequate storage measures to protect minerals, sources said, adding the company is now trying to recover the washed out fines.