India: NMDC to auction around 600,000 t of iron ore from Karnataka

NMDC has scheduled an auction for sale of 593,000 t of iron ore (both fines and lumps, Fe56.29-65.77%-indicative) from its Kumaraswamy mines in Karnataka on 23 Sep’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. Prices will be exclusive of royalty, DMF and NMET charges.


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