India: NMDC to auction over 270,000 t of iron ore from Karnataka

NMDC has scheduled an auction for 276,000 t of iron ore from its Kumaraswamy mines in Karnataka on 4 Mar’25. The total quantity includes 96,000 t lumps (10-40 mm, Fe 59.79-60.78%) and 180,000 t fines (Fe 55.63-59.36%). Floor prices are yet to be announced which will be on ex-mines basis and inclusive of royalty, DMF, and NMET.


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