India: NMDC to auction 24,000 t of iron ore from Karnataka

NMDC has scheduled an auction for 24,000 t of iron ore on 27 Mar’24 from its Donimalai mines, Karnataka. Out of the total quantity, 20,000 t are fines (Fe 59%) and 4,000 t are lumps (10-40 mm, Fe 59%). The floor prices are yet to be declared which will be on ex-mines basis, including royalty, DMF and NMET.