AM/NS India to auction over 150,000 t of iron ore from Odisha

  • AM/NS India will auction 108,000 t of iron ore lumps (5-40 mm, Fe58-60.9%) and 28,000 t of crush fines (Fe56-56.9%) on 20 Jan’23 from its Thakurani mines. Floor prices for lumps and fines are INR 3,450-5,100/t and INR 2,800/t, respectively.
  • Another auction for 15,000 t of iron ore tailings (Fe50-53%) is scheduled on 19 Jan and floor price is INR 650/t (loaded into truck).
  • Prices include royalty, DMF and NMET charges.

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