India: Over 415,000 t of iron ore to be auctioned from Karnataka

Karnataka will auction around 418,000 t of iron ore.

• NMDC Kumaraswamy: 144,000-t lumps (10-40 mm, Fe 61.41-63.99%) and 180,000-t fines (Fe 54.89-64.42%) on 19 Nov’24.
• NMDC Donimalai: 36,000-t fines (Fe 59%) and 12,000-t lumps (10-40 mm, Fe 59%) on 20 Nov’24.
• SMIORE: 46,000-t lumps (5-40 mm, Fe 56-58.50%) from its Sandur mines on 20 Nov’24.

Prices are yet to be declared and will include royalty, DMF, and NMET.