Jharkhand iron ore auction postponed with state-owned corporation in the lead

India: 16,000 t of iron ore booked at Sri Kumaraswamy Mineral Exports’ auction

Sri Kumaraswamy Mineral Exports Private Limited (SKMEPL) had scheduled an auction on 24 Aug’22 for sale of around 116,000 t of iron ore from its Ramanadurga mines in Karnataka. Only 12,000 t of lumps (Fe65.1-65.5%) and 4,000 t of fines (Fe50-66%) were booked at the base price of INR 4183-4263/t and INR 1150-3700/t, respectively (inclusive of royalty, DMF and NMET)


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