Steel Authority of India Ltd (SAIL) conducted an auction today for 100,000 t of iron ore tailings (Fe 59.8%) from its Barsua iron ore mines in Odisha. Out of the total quantity on offer, about 60% of the material- 60,000 t- received bids at INR 6,400/t (ex-mines, including Royalty, DMF, NMET and the additional amount mentioned in the MMDR Amendment Act), SteelMint gathered from sources.
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