Sandur Manganese and Iron Ores Ltd (SMIORE) has scheduled an auction for 30,000 t of iron ore lumps (5-40 mm, Fe 55-59.20%) from its Sandur mines, Karnataka on 12 Jun’24. The floor prices have been set at INR 4,370-6,140/t (including royalty, DMF and NMET). In its previous lumps auction on 23 May’24, 38,000 t lumps (5-40 mm, Fe 55-58.50%) got booked at INR 4,220-5,970/t.
