KSMCL has scheduled an auction for 40,000 t of iron ore lumps (10-40 mm, Fe 62.36-64.13%) from its Subbrayanahalli mines in Bellary, Karnataka on 16 Jul’24. The floor prices, which will be on ex-mines basis excluding royalty, DMF, and NMET, are yet to be declared. In its last auction on 6 Jul’24, 4,000 t lumps (10-40 mm, Fe 62.36%) were sold at the set base price of INR 4,777/t.
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