India: Over 100,000 t of iron ore fetches bids in NMDC auction from Chhattisgarh

  • Bacheli: NMDC sold the entire quantity from Bacheli block. 16,800 t of iron ore DRCLO (10-40 mm, Fe 67%) were sold at a 6% premium over the base price (INR 7,280/t), 4,200 t of ROM (10-150 mm, Fe 65.5%) at base prices (INR 5,970/t)and 67,200 t of iron ore fines (Fe 64%) were sold at base prices (INR 5,350/t).
  • Kirandul: NMDC offered 33,600 t of ROM (10-150mm, Fe 65.5%) out of which 13,400 t were sold at the base price.
  • Prices were declared on FOR ex-stockpile/mines basis, including royalty, DMF, and NMET.