NMDC has announced that its Kumarswamy mines in Karnataka will auction 196,000 t of iron ore on 10 May’24. Of the total quantity, 128,000 t are fines (Fe 56.24-61.90%) and 68,000 t are lumps (10-40 mm, Fe 61.21-61.34%). The floor prices are yet to be declared by the company, which will be on FOR, ex- stockpile/mines basis and inclusive of royalty, DMF and NMETF.
