India: Karnataka to auction over 270,000 t of iron ore

Around 272,000 t of iron ore will be auctioned from Karnataka.

• NMDC Kumaraswamy: 32,000-t lumps (10-40 mm, Fe 56.80%) and 144,000-t fines (Fe 54.60-62.07%).
• NMDC Donimalai: 24,000-t lumps (10-40 mm, Fe 59%) and 72,000-t fines (Fe 59%).

Prices are yet to be declared and will include royalty, DMF, and NMET.