India: Recent Karnataka iron ore e-auction receives no response

Karnataka iron ore e-auction from merchant miners scheduled on 26th June for 1.21 mn t received no participation. According to sources, material remained unsold as material offered was of low grade (below Fe 55%) except one lot of Fe 63% lumps offered for small quantities. Major suppliers were – Mineral enterprises ltd, Lakshmi mineral ltd and P.Venganna setty.


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