India: 20,000 t of iron ore fines booked at auction from Karnataka on 28 Dec

  • BKG Mining conducted an auction of 80,000 t of iron ore from its Haddinapade mines. 20,000 t of fines (Fe63.50%) were booked at floor prices of INR 2,700/t.
  • However, Nadeem Minerals’ auction for 60,000 t of iron ore (Fe35.03-44.84%) at the floor prices of INR 500-765/t failed to attract buyers.
  • Prices were exclusive of royalty, DMF, and NMET charges.

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