India: U Krishna Prasad to auction over 50,000 t of iron ore from Karnataka

U Krishna Prasad has scheduled an iron ore auction for 22,900 t of lumps (10-40 mm, Fe 60.71-62.71%) and 30,800 t of fines (Fe 58.75-64.10%) from its Dharmapura mines located in Karnataka. The auction will be held on 27 Sep’24. The floor prices for lumps and fines are were set at INR 5,500-5,670/t and INR 4,760-5,820/t respectively. Prices are inclusive of royalty, DMF and NMET.


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