India’s largest iron ore miner – National Mineral Development Corporation (NMDC) is going to conduct two iron ore auctions for around 651,000 t from its Bacheli mines and 50,400 t from Kirandul mines, Chhattisgarh. Both the auctions are scheduled for 25 Feb ’21. In its previous auction conducted on 28th Jan’21 for 701,400 t iron ore, only the DR-CLO lots received bids higher by around INR 1,300/t over the set base price.
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