India: NMDC’s iron ore auction from Donimalai sees active participation

NMDC’s iron ore auction from the Donimalai mines in Karnataka on 5 Nov’24 witnessed total bookings of 48,000 t.

• 36,000 t of fines (Fe 59%) were booked at INR 4,055/t against base price of INR 4,015/t.
• 12,000 t of lumps (10-40 mm, Fe 59%) were booked at INR 4,828/t against base price of INR 4,728/t.
• Prices include royalty, DMF, and NMET.