Odisha based merchant miner, Serajuddin Mines has reduced fines prices by INR 150/MT however lump prices continue to remain unchanged.
Earlier towards the end of Jan’16, Odisha government stopped sale & dispatch of iron ore and also temporarily held up the mining permit of its Balda iron ore mines in the Joda mining circle for producing iron ore below the fixed annual limit.
The miner has EC limit of 15.15 MnT pa and has produced 7.88 MnT iron ore in FY16 (till Dec’15).
Serajuddin Mines Iron Ore Prices w.e.f 09 Feb’16
|
Size |
Grade (Fe %) | Prices |
Change |
| 5-18 mm | 63 | 2,150 | 0 |
| Blue Dust/Fines | 63 | 1,300 | -150 |
Ex-mines prices in INR/MT including Royalty
Source: SteelMint Research
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