India: 40,000 t of iron ore lumps booked at SMIORE’s Karnataka auction

Sandur Manganese and Iron Ores Ltd (SMIORE) conducted an auction for 52,000 t of iron ore lumps from Bellary, Karnataka on 18 Jan’23.

• 13,000 t of lumps (5-20 mm, Fe58.3-58.8%) were booked at INR 4,215-4,480/t.
• 3,000 t of lumps (10-40 mm, Fe58.8%) were booked at INR 3,460/t.
• 24,000 t of lumps (20-40 mm, Fe58.1-59.9%) were booked at INR 4,010-4,320/t.
• All prices include royalty, DMF, and NMET charges.