India: Around 180,000 t of iron ore to be auctioned from Karnataka

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Sandur Manganese and Iron Ore will conduct an auction for 51,000 t of iron ore lumps (Fe58-60%) on 8 Dec’22. The floor price has been set at INR 4,055-4,965/t.
Sri Kumaraswamy Mineral Exports will auction 128,000 t of iron ore (Fe54-66%) on 9 Dec’22. The floor price is at INR 1,990-6,000/t.
Prices are inclusive of royalty, DMF and NMET.

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