India: BKG Mining’s iron ore auction receives no response

BKG Mining Pvt Ltd scheduled an auction on 10 Oct’22 for sale of around 76,000 t of iron ore (both fines and lumps, Fe48-63.60%) from its Haddinapade mines in Sandur, Karnataka. According to sources, the auction did not receive any response. The floor prices for fines and lumps were INR 2,106-2,516/t and INR 1,025-3,050/t, respectively (excluding royalty, DMF and NMET).


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