India: SKMEPL to auction over 220,000 t of iron ore from Karnataka

SKMEPL has scheduled an iron ore auction for 100,000 t of fines (Fe 63.04-63.06%) and 124,890 t of sub grade ROM (old hard/compact dump) from its Ramanadurga mines in Karnataka. The auction will be held on 13 Jun’24. The base prices for fines and sub-grade ROM have been set at INR 5,800/t and INR 3,000/t, respectively. Prices are ex-mines including royalty, DMF, and NMET.