India: Over 550,000 t of iron ore to be auctioned from Karnataka

  • NMDC will auction 356,000 t of iron ore fines (Fe59%-indicative) and 164,000 t of lumps (10-40 mm, Fe61%-Indicative) from Karnataka’s Donimalai complex on 21 Feb. The company is yet to announce floor prices.
  • Vedanta will auction 32,000 t of iron ore lumps (6-20 mm, Fe56%) from A.Narrain mines in Karnataka on 22 Feb. The floor price is set at INR 3,569/t.
  • Prices exclude royalty, DMF and NMET.

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