Vedanta Limited conducted an auction for 16,000 t of iron ore lumps (6-40 mm, Fe 52.5-53%) from its A.Narrain mines, Karnataka, on 16 Jul’24. Around 4,000 t lumps (6-20 mm, Fe 53%) got booked at the base price of INR 2,900/t and 12,000 t lumps (10-40 mm, Fe 52.5%) got booked at INR 3,150/t against the base price of INR 2,700/t. Prices were set on ex-mines/ex-lot basis and exclusive of royalty, DMF and NMET.
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