India: 28,000 t of iron ore lumps booked at Vedanta’s Karnataka auction

Vedanta conducted an auction for 28,000 t of iron ore lumps (10-40 mm, Fe58.5%) from its A. Narrain mines in Karnataka on 8 Feb’23. According to sources, the entire quantity was booked at INR 4,316/t against the floor price of INR 3,886/t. Prices exclude royalty, DMF, and NMET.


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