Indian miner – NMDC has increased base price for today’s auction from Kumarswamy mines. Base price for fines has moved up by around INR 700/t and that for lumps picked up by about INR 800/t . The current floor price for fines (Fe 62.2%) stands at INR 4,411/t and that of lump (Fe 64.9%) is at INR 6,911 (basic, exclusive of Royalty, DMF & NMET).
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