India: NMDC’s Donimalai iron ore auction fetches active response

NMDC conducted an iron ore auction from the Donimalai mines, Karnataka, on 13 Sep’24.

• 32,000 t fines (Fe 59%) were booked at INR 3,320/t against base price of INR 3,300/t.
• 8,000 t lumps (10-40 mm, Fe 59%) were booked at INR 4,109/t against base price of INR 3,809/t.

Prices included royalty, DMF, and NMET. Bid prices for fines and lumps were higher by INR 20/t and INR 300/t, respectively.