India’s largest iron ore miner – National Mineral Development Corporation (NMDC) is going to conduct two iron ore auctions for around 180,600 t from its Bacheli mines and 50,400 t from Kirandul mines, Chhattisgarh. Out of the offered quantity, 16,800t is DR-CLO and 163,800t is fines. Both the auctions are scheduled for 30 Apr ’21. In its previous auction held on 19 Mar’21, DR-CLO lots received a good response with the entire quantity of 50,400t getting booked and bids increased by around INR 1,100/t over the set base price of INR 5,965/t.
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