India: NMDC to auction 28,000 t of iron ore from Karnataka

NMDC Donimalai has scheduled an auction for 4,000 t lumps (10-40 mm, Fe 59%) and 24,000 t fines (Fe 59%) on 25 Jan’24. The floor prices are yet to be declared by the company. In its previous auction on 17 Jan’24, 20,000 t of fines (Fe 59%) and 8,000 t of lumps (10-40 mm, Fe 59%) got booked at base price of INR 3,542/t and INR 3,694/t, respectively. Prices are on FOR, ex-stockpile/mines basis, including royalty, DMF and NMET.


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