NMDC has increased its base price by INR 300/t ($4) for both lumps and fines in the advance e-auction schedule today (i.e 8th Sept 2020) from its Kumaraswamy mines. Current offers for Fe 64% lumps at INR 3,653/t (basic, royalty and other taxes extra) and Fe 62% fines are at INR 2,614 (basic, royalty and other taxes extra). The miner has raised offers by similar amount from Chhattisgarh mines too.
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