India: Around 575,000 t of iron ore to be auctioned from Karnataka

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SMIORE will conduct an auction for 148,000 t of iron ore fines (Fe57-58.10%) on 6 Dec’22. The floor price is at INR 2,040-2,180/t (including royalty, DMF and NMET).
Nadeem Minerals will auction 60,000 t of iron ore (Fe35-44.84%) on 8 Dec’22. The floor price is at INR 500-725/t (excluding royalty, DMF and NMET).
KSMCL will auction 366,095 t (Fe52.07-63.38%) on 9 Dec’22. The floor price is yet to be declared.

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