India: Over 110,000 t of iron ore fetches bids in NMDC’s Chhattisgarh auction

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Kirandul: 43,000 t of ROM (10-150mm, Fe 65.5%) sold at base price (INR 5,110/t).
Bacheli: 12,900 t of iron ore DR-CLO (10-40mm, Fe 67%), 6,000 t of Baila lumps (10-20 mm, Fe 65.5%) and 51,600 t of iron ore fines (Fe 64%) sold at INR 6,988/t (8% premium), INR 6,260/t (7.5% premium) and INR 4,650/t (base price) respectively.
Prices on FOT basis, including royalty, DMF & NMET.

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