Veerabhadrappa Sangappa & Company (VESCO) conducted an auction for 44,000 t of iron ore lump from its Ramanamalai mines in Bellary, Karnataka, on 27 Feb’23.
- 20,000 t of lumps (Fe62.9%) were booked at base price of INR 4,600/t.
- 8,000 t of lumps (Fe62.8%) was booked at INR 5,710/t against the floor price of INR 4,590/t.
- Prices include royalty, DMF, and NMET.
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