India: Around 270,000 t of iron ore to be auctioned from Karnataka

Karnataka is set to auction 269,262 t of iron ore.

• Vedanta: 16,000 t iron ore siliceous lumps (10-40 mm, Fe 50.5-51%) on 2 Sep’24.
• KSMCL: 146,202 t lumps (10-40 mm, Fe 45.69-59.31%) and 107,000 t fines (Fe 52.39-52.88%) on 4 Sep’24.

Floor prices are yet to be declared by the miners, which will exclude royalty, DMF, and NMET.