MSTC-Karnataka conducted an e-auction for 10,080 t of different grades of manganese ore (Mn 28-34%) on behalf of Sandur Mines (SMIORE) on 25 Jun’21. In all, 13 bidders participated in the auction, and the entire quantity was booked at 21.49% above the floor price. The base price for the auction for Mn30-32% material was 6.25% higher compared to the previous auction, given the rise in manganese alloys prices.
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