India: Around 250,000 t of iron ore to be auctioned from Karnataka

Karnataka will see auctions for around 245,546 t of iron ore on 30 Oct.

• KSMCL: 78,000 t of lumps (10-40 mm, Fe 60.38-63.03%) and 155,996 t of fines (Fe 60.28-61.53%) from Karnataka.
• R Praveen Chandra: 11,550 t of lumps (6-30 mm, Fe 57.5%) from its Chitradurga mines, with floor prices set at INR 5,500/t.

Prices are inclusive of royalty for R Praveen Chandra, while those of KSMCL exclude it.