India: NMDC Donimalai iron ore auction fetches good response

NMDC had an iron ore auction from Donimalai Mines, Karnataka on 21 Feb’24.

  • 20,000 t fines (Fe 57%) got booked at base price of INR 3,456/t.
  • 4,000 t lumps (10-40 mm, Fe 57%) got booked at INR 3,877/t against the base price of INR 3,577/t.
  • Bid price for lumps were higher against base price by INR 300/t, respectively. Prices include royalty, DMF & NMET.