India: NMDC Donimalai iron ore auction fetches active response

NMDC had an iron ore auction from Donimalai Mines, Karnataka on 20 Aug’24.

• 32,000 t fines (Fe 59%) were booked at INR 3,450/t against the base price of INR 3,300/t.
• 12,000 t lumps (10-40 mm, Fe 59%) got booked at INR 4,109/t against the base price of INR 3,809/t. Prices include royalty, DMF and NMET.
• Bid prices for fines and lumps were higher by INR 150/t and 300/t.