India: NMDC to auction over 95,000 t of iron ore from Chhattisgarh

NMDC has scheduled an auction for 86,000 t of Baila fines (Fe 64%) and 10,000 t of lumps (10-20mm, Fe 65.5%) from its Bacheli mines in Chhattisgarh. The auction will be held on 26 Jun’24. The floor price for the auction is yet to be declared, which will be on ex-mines basis and includes royalty, DMF and NMET.