India: Over 50,000 t of iron ore to be auctioned from Karnataka on 9 Jan’23

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VESCO will conduct an auction for 44,000 t of iron ore (Fe63.5-64.8%) from its Dharmapuri mines. The floor price is INR 4,050-4,750/t.
U Krishna Prasad will auction 8,000 t of iron ore fines (Fe59.20-61.67%). The floor price is INR 3,150-3,650/t.
Both the auctions are scheduled for 9 Jan’23 and prices will be inclusive of royalty, DMF, and NMET charges.

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