India: Over 85,000 t of iron ore sold in NMDC’s Chhattisgarh auction

NMDC auctioned around 107,500 t of run-of-mine (ROM) iron ore (10-150 mm, Fe 65.5%) from its Kirandul mines in Chhattisgarh on 19 Jun’24. According to sources, around 86,000 t of ROM was booked at INR 6,220/t. Prices were on FOR ex-stockpile/mines basis and included royalty, DMF and NMET.