India: NMDC to auction nearly 500,000 t iron ore from Karnataka

National Mineral Development Corporation (NMDC) has scheduled an auction for sale of around 489,000 t iron ore (both fines and lumps, Fe56.43-64.81%) from its Kumaraswamy mines in Karnataka on 5 Jul’22. The floor price is yet to be declared by the company and the material will be delivered on ex-mines, on “as is where is basis”.


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