India: Over 380,000 t of iron ore to be auctioned from Karnataka

Karnataka will see auctions of around 382,000 t of iron ore.

• KSMCL: 62,000 t of iron ore fines (Fe 52.72%) will be auctioned from its Thimmappanagudi mines in Bellary on 30 Dec’24. The floor price for fines is INR 2,105/t.
• NMDC Kumaraswamy: 96,000 t lumps (10-40 mm, Fe 61.06-61.67%) and 224,000 t fines (Fe 57.90-61.69%) will be auctioned on 31 Dec.
• NMDC prices include taxes contrary to KSMCL auction prices.