India: NMDC to auction over 270,000 t of iron ore from Karnataka

NMDC is set to auction a substantial volume of approximately 272,000 t of iron ore from Karnataka.

• NMDC Kumaraswamy: 80,000-t lumps (10-40 mm, Fe 61.12-61.77%) and 112,000-t fines (Fe 57.84-61.02%) on 29 Oct.
• NMDC Donimalai: 40,000-t lumps (10-40 mm, Fe 54-55%) and 40,000-t fines (Fe 56%) on 30 Oct.

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