India: NMDC to auction over 380,000 t of iron ore from Karnataka

NMDC is set to auction 388,000 t of iron ore from Karnataka on 13 Sep’24.

• NMDC Kumaraswamy: 128,000 t lumps (10-40 mm, Fe 59.58-64.41%) and 220,000 t fines (Fe 60.53-64.56%)
• NMDC Donimalai: 8,000 t lumps (10-40 mm, Fe 59%) and 32,000 t fines (Fe 59%)

Floor prices are yet to be declared. They will include royalty, DMF, and NMET.