Vedanta Limited conducted an auction for 28,000 t of iron ore lumps from its A.Narrain mines, Karnataka, on 3 Oct’24. According to sources, 8,000 t of lumps (6-20 mm, Fe 52%) were booked at the base price of INR 3,140/t, while another 8,000 t of lumps (10-40 mm, Fe 51.5%) were booked at the base price of INR 3,040/t. Prices are on ex-mines/ex-lot basis and exclusive of royalty, DMF, and NMET.
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