Sri Kumaraswamy Mineral Exports Private Limited (SKMEPL) had scheduled an auction on 1 Sep’22 for sale of around 124,000 t of iron ore (fines and lumps) from its Ramanadurga mines in Karnataka. The floor price for fines and lumps was INR 1,150-3,700/t and INR 4,263/t, respectively (excluding royalty, DMF and NMET). According to market sources, the auction failed to receive any response.
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