India: 472,000 t of iron ore booked at NMDC’s Karnataka auction

NMDC conducted an auction for 576,000 t of iron ore from its Kumaraswamy mines in Karnataka on 7 Jan’23.

• 128,000 t of lumps (10-40mm, Fe64.14-64.97%) were booked at base price of INR 3,472-3,598/t.
• 344,000 t of fines (Fe62.19-63.31%) were booked at base price of INR 2,464-2,835/t.
• All prices exclude royalty, DMF, and NMET charges.