India: SAIL iron ore auction from Chhattisgarh fails to attract buyers

SAIL conducted an auction for 12,000 t of iron ore fines (Fe 57.25%-indicative) from its Dalli/Rajhara iron ore mines in Chhattisgarh. The due date for the submission of bids was 9 Dec’21. The base price for the material offered was INR 2,800/t FOR inclusive of royalty, DMF, NMET, and the additional amount mentioned in the MMDR Amendment Act. According to latest updates, the tender failed to fetch any response.


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