Vedanta Limited had an auction for 16,000 t iron ore lumps from its A. Narrain mines, Karnataka, on 23 Oct’24. According to sources, 8,000 t lumps (10-40 mm, Fe 51.5%) got booked at INR 2,760/t against the base price of INR 2,750/t while another 8,000 t lumps (6-20 mm, Fe 53%) got booked at INR 2,960/t against the base price of INR 2,950/t. Prices were on ex-mines/ex-lot basis and exclusive of royalty, DMF and NMET.
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