India: Over 100,000 t of iron ore to be auctioned from Karnataka on 28 Dec

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SKMEPL will conduct an auction for 44,000 t of iron ore (Fe54-65.5%) from its Ramanadurga mines. The floor price is INR 2,003-5,800/t.
SMIORE will also auction 60,000 t of iron ore lumps (Fe58.1-59.9%). The floor price has been set at INR 4,040-4,920/t.
Both the auctions are scheduled for 28 Dec’22 and prices will be inclusive of royalty, DMF, and NMET charges.

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