India: NMDC set to auction around 200,000 t of iron ore from Karnataka

NMDC will auction around 192,000 t of iron ore from its Donimalai and Kumaraswamy mines in Karnataka.

• Donimalai: 16,000-t lumps (10-40 mm, Fe 56%) and 8,000-t fines (Fe 56%) are scheduled for auction on 1 Jul’25.
• Kumaraswamy: 48,000-t lumps (10-40 mm, Fe 60.69%) and 120,000-t fines (Fe 57.34-61.12%) will be auctioned on 2 Jul.

Floor prices are yet to be declared and include royalty, DMF, and NMET.