Vedanta scheduled an auction on 19 Sept’22 for sale of iron ore lumps from its A. Narrain mines in Karnataka’s Chitradurga district. According to market sources, the entire quantity of 40,000 t of lumps (Fe60%) was booked at INR 4,480/t (excluding of royalty, DMF, and NMET). The bid price was higher by INR 450/t than the floor price of INR 4,030/t.
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