India: 484,000 t of iron ore booked at NMDC’s Karnataka auction

NMDC conducted an auction for 558,000 t of iron ore from its Kumaraswamy mines in Karnataka on 7 Feb’23.

• 188,000 t of lumps (10-40mm, Fe59.50-64.97%) were booked at the base price of INR 2,892-3,752/t.
• 296,000 t of fines (Fe58.24-63.68%) were booked at the base price of INR 2,566-3,321/t.
• All prices exclude royalty, DMF, and NMET charges.