NMDC has announced that its Kumaraswamy mines in Karnataka will auction 236,000 t of iron ore on 30 May’24. Of the total quantity, 144,000 t are fines (Fe 58-62.73%) and 92,000 t are lumps (10-40 mm, Fe 59.12-62.37%). The floor prices are yet to be declared by the company, which will be on FOR, ex- stockpile/mines basis and inclusive of royalty, DMF and NMET.
