Vedanta Limited conducted an auction for 12,000 t of iron ore lumps from its A. Narrain Mines, Karnataka, on 23 Nov’24. According to sources, 8,000 t of siliceous lumps (10-40 mm, Fe 53%) were booked at the base price of INR 2,500/t, while 4,000 t of lumps (10-40 mm, Fe 51.5%) were booked at the base price of INR 3,040/t. Prices are on ex-mines/ex-lot basis and exclude royalty, DMF, and NMET.
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