India: JSW, Vedanta-ESL to auction over 500,000 t of iron ore from Odisha

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JSW has scheduled an auction for 233,050 t of iron ore fines (Fe55-58%), with the floor price at INR 1,200/t.
Vedanta-ESL has scheduled an auction for 270,000 t of iron ore (Fe51-62%), with the floor prices in the range of INR 1,000-4,700/WMT.
Both auctions are scheduled for 15 Nov’22 and prices are inclusive of royalty, DMF, and NMET.

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