India: 126,000 t of iron ore booked at NMDC’s Chhattisgarh auction

NMDC conducted an auction for 222,600 t of iron ore from its Bacheli mines in Chhattisgarh on 17 Feb’23.

• 21,000 t of DRCLO (10-40mm, Fe67%) were booked at INR 5,864-5,874/t.
• 105,000 t of Bacheli fines (Fe64%) were booked at INR 3,960-3,970/t.
• However, ROM remained unsold.
• All prices exclude royalty, DMF, and NMET charges.