NMDC will conduct an auction for 172,000 t of iron ore on 4 May’24 from its Kumaraswamy mines, Karnataka, out of which 44,000 t are lumps (10-40 mm, Fe 62.16%) and 128,000 t fines (Fe 59.40-60.53%). In its previous auction from the same mines on 25 Apr, 48,000 t of lumps (10-40 mm, Fe 60.98%) and 92,000 t of fines (Fe 60.53-60.67%) were booked at INR 4,832/t and INR 3,769-3,906/t, respectively.
