India: Over 200,000 t of iron ore to be auctioned by NMDC Karnataka

NMDC has scheduled an auction for 204,000 t of iron ore from its Karnataka-based mines this week.

• NMDC Donimalai: 16,000-t lumps (10-40 mm, Fe 54%) and 32,000-t fines (Fe 56%) on 12 Aug.
• NMDC Kumaraswamy: 60,000-t lumps (10-40 mm, Fe 60.63-61.27%) and 96,000-t fines (Fe 57.84-60.21%) on 13 Aug.

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