India: Over 200,000 t of iron ore to be auctioned from Karnataka on 5 Dec’22

  • Vedanta to auction 36,000 t of iron ore lumps (6-20mm, Fe58-60%), with the floor prices at INR 3,476-3,535/t (excluding royalty, DMF and NMET).
  • VESCO has two auctions for 152,000 t of iron ore (Fe61.60-64.95%), with the floor prices at INR 3,250-4,550/t (including royalty, DMF and NMET).
  • BKG Mining will auction 56,000 t of iron ore (Fe48-63.50%), with the floor prices at INR 700-3,075/t (excluding royalty, DMF and NMET).

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