India: Karnataka to auction over 420,000 t of iron ore on 15-16 Mar’23

Karnataka to auction 0.42 mnt of iron ore over 15-16 March.

• SMIORE: 221,000 t of fines, lumps (Fe57-59.20%) at a base price of INR 2,970-4,310/t.
• Vedanta: 28,000 t of lumps (Fe56.5-58.5%) at INR 3,647-4,043/t.
• SKMEPL: 53,000 t of lumps (Fe61.8-65.6%) at INR 4,200-5,700/t.
• BKG Mining: 60,000 t (fines and lumps, Fe46-48%) at INR 950-1,150/t.
• Nadeem Minerals: 60,000 t (fines and lumps, Fe35-44.84%) at INR 500-765/t.
• SMIORE, SKMEPL prices include royalty.