India: Around 340,000 t of iron ore to be auctioned from Karnataka

Karnataka is set to see auctions for 337,000-t iron ore from its mines next week.

• NMDC Kumaraswamy: 184,000-t fines (Fe 58.59-61.2%) on 17 Dec.
• NMDC Donimalai: 40,000-t lumps (10-40 mm, Fe 55%) and 40,000-t fines (Fe 55%) on 16 Dec.
• SMIORE: 68,000-t lumps (Fe 55.7-58.1%, 5-40 mm) at INR 3,790-4,834/t and 5,000-t fines (Fe 53.9%) at INR 2,050/t on 16 Dec.

Prices include royalty, DMF, and NMEDT.