India: NMDC to auction over 300,000 t of iron ore from Karnataka

NMDC has scheduled 302,000 t of iron ore auction on 10 Jun’24. Of the total quantity, 196,000 t are fines (Fe 58.97-62.86%) and 106,000 t are lumps (10-40 mm, Fe 61.08-62.60%). In its previous auction on 30 May’24, 92,000 t lumps (10-40 mm, Fe 59.12-62.37%) and 144,000 t fines (Fe 58-62.73%) got booked at INR 5,132-5,981/t and INR 3,645-5,276/t, respectively (including royalty, DMF and NMET).