India: Iron ore auctions from Karnataka receive no response

  • BKG Mining had conducted an auction for 60,000 t of iron ore (Fe46-63.5%) at the base price of INR 975-3,625/t from its Haddinapade mines, Karnataka. The auction did not found any takers.
  • Similarly, Nadeem Minerals’ auction for 60,000 t of iron ore (Fe35-44.84%) from Karnataka’s Donimalai mines also failed to attract buyers. The base price for the auction was INR 500-765/t.

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