India: Over 70,000 t of iron ore lumps to be auctioned from Karnataka

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Vedanta will conduct an auction for 24,000 t of iron ore lumps (Fe57.5%) from its A.Narrain mines in Karnataka on 31 Jan’23. The floor price is INR 3,696/t, excluding royalty, DMF, and NMET.
SKMEPL will also auction 48,000 t of iron ore lumps (Fe61.8-64.5%) from Karnataka’s Ramanadurga mines on 1 Feb’23. The floor price is INR 4,100-5,400/t and inclusive of royalty, DMF, and NMET.

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