Vedanta scheduled an auction today for sale of 116,000 t of iron ore from its A. Narrain mines in Karnataka’s Chitradurga district. According to market sources, the entire quantity of 100,000 t of fines (Fe57.5%) and 16,000 t of lumps (Fe58-60%) were booked at the base price of INR 1,325/t and INR 3,899/t (excluding royalty, DMF and NMET charges). Prices have remained largely stable against the company’s last auction.
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