India’s leading merchant iron ore miner, NMDC conducted an e-auction on 24 Jun’21 for 63,000 t of iron ore fines (Fe 61%) from its Bacheli mines in Chhattisgarh. According to sources, the entire quantity received bids at INR 5,968-5,978/t (FoR Bacheli, excluding royalty, DMF and NMET) against the set base price of INR 5,558/t.
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