NMDC conducted an auction for 48,000 t of iron ore from its Donimalai mines, Karnataka, on 6 May. According to sources, the auction witnessed a good response, with the entire quantity of 16,000 t of lumps (10-40, Fe 58%) and 32,000 t of fines (Fe 58%) booked at the base prices of INR 4,603/t and INR 3,932/t, respectively. Prices are on ex-mines basis and include royalty, DMF, and NMET.
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