Vedanta had conducted an auction for 40,000 t of iron ore lumps (6-40 mm, Fe57.75-58.25%) from its A. Narrain mines in Karnataka’s Chitradurga district on 4 Jan’23. According to sources, the entire material was sold at INR 3,560-3,736/t against the base price of INR 3,510-3,516/t. Prices were exclusive of royalty, DMF, and NMET charges.
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