India: NMDC to auction over 360,000 t of iron ore from Karnataka

NMDC is set to auction 362,000 t of iron ore from Karnataka.

• NMDC Donimalai: 24,000-t lumps (10-40mm, Fe 54%) and 24,000-t fines (Fe 56%) on 11 Nov’25.
• NMDC Kumaraswamy: 98,000-t lumps (10-40mm, Fe 56.09-62.45%) and 216,000-t fines (Fe 57.79-63.61%) on 12 Nov’25.
• Floor prices are yet to be announced, which will be on ex-mines basis and inclusive of royalty, DMF, and NMEDT.