India: NMDC to auction over 135,000 t of iron ore from Chhattisgarh

  • Bacheli: NMDC will auction 8,000 t of lumps (10-20 mm, Fe 65.5%) from Bacheli mine on 13 Sep’24. 21,500 t of DRCLO (10-40 mm, Fe 67%) and 64,500 t of fines (Fe 64%) will be auctioned on 17 Sep from here.
  • Kirandul: The company will auction 43,000 t of ROM (10-150 mm, Fe 65.5%) on 17 Sep from Kirandul.
  • Floor prices are yet to be declared which will be on FOR, ex-stockpile/mines basis, including royalty, DMF and NMET.

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