Veerabhadrappa Sangappa & Company (VESCO) conducted an auction for sale of 28,000 t of iron ore lumps from its Ramanamalai mines in Bellary, Karnataka on 6 Mar’23. According to sources, only 8,000 t (Fe62.8%) was booked at the floor price of INR 4,590/t. Price was inclusive of royalty, DMF, and NMET charges.
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