Sri Kumaraswamy Mineral Exports Private Limited (SKMEPL) had scheduled an auction on 21 Nov’22 for the sale of around 36,000 t of iron ore lumps (Fe59.5-65.5%, 10-40 mm) from its Ramanadurga mines in Bellary, Karnataka. According to sources, the auction failed to attract buyers and entire material remained unsold. The floor prices were set in the range of INR 3,900-4,730/t (including royalty, DMF, and NMET).
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