Veerabhadrappa Sangappa and Company (VESCO) had conducted an auction for sale of 32,000 t of iron ore lumps from its Ramanamalai mines in Bellary, Karnataka, on 27 Mar’23. According to sources, only 12,000 t (Fe62.9%) was booked at the floor price of INR 4,450/t. Prices include royalty, DMF, and NMET charges.
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