India: Over 600,000 t of iron ore to be auctioned from Karnataka

  • NMDC has scheduled an auction for 480,000 t of iron ore fines (Fe59%-indicative) and 120,000 t of iron ore lumps (10-40 mm, Fe61%-indicative) from Donimalai on 18 Jan’23. The company has not yet announced the floor price.
  • Another auction for 8,000 t of iron ore fines (59.2-61.67%) has been scheduled by U. Krishna Prasad on 16 Jan with the floor price in the range of INR 3,150-3,650/t (including royalty, DMF & NMET).

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