India: NMDC hikes iron ore base price by around INR 300/t ($4/t) for Donimalai auction

NMDC Karnataka has announced list prices for auctions of iron ore today from its Donimalai mines. Revised prices for fines (-10 mm, Fe 59%) are at INR 4,101/t ($49/t), up by INR 282/t ($3/t), while lumps (10-40 mm, Fe 59%) prices are at INR 4,651/t ($56/t), up by INR 191/t ($2/t). Prices include royalty, DMF and NMET.