Author: Nidhi Awasthi
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India: Karnataka to auction over 270,000 t of iron ore
Around 272,000 t of iron ore will be auctioned from Karnataka. NMDC Kumaraswamy: 32,000-t lumps (10-40 mm, Fe 56.80%) and 144,000-t fines (Fe 54.60-62.07%). NMDC Donimalai: 24,000-t lumps (10-40 mm, Fe 59%) and 72,000-t fines (Fe 59%). Prices are yet to be declared and will include royalty, DMF, and NMET.