India: NMDC to auction around 170,000 t of iron ore from Karnataka

NMDC is set to auction 168,000 t of iron ore from Karnataka.

• NMDC Donimalai: 24,000-t lumps (10-40 mm, Fe 54%) and 24,000-t fines (Fe 56%) on 25 Nov.
• NMDC Kumaraswamy: 40,000-t lumps (10-40 mm, Fe 60.69%) and 80,000-t fines (Fe 58.93-62.97%) on 26 Nov.

Prices are yet to be declared and will include royalty, DMF, and NMEDT.