India: NMDC to auction over 165,000 t of iron ore from Chhattisgarh on 31 May’24

  • Kumhar Marenga Siding: 6,000 t fines (Fe 64%)
  • Kirandul: 43,000 t ROM (10-150 mm, Fe 65.5%)
  • Bacheli: 17,200 t DRCLO (10-40 mm, Fe 67%), 17,200 t ROM (10-150 mm, Fe 65.5%) and 86,000 t fines (Fe 64%)
  • Floor prices are yet to be declared which will be on ex-Stockpile/mines basis, incl royalty, DMF and NMET.