Sandur Manganese and Iron Ores Ltd (SMIORE) has scheduled an auction for 60,000 t of iron ore fines (Fe 55.30-57.50%) from its Sandur mines, Karnataka on 7 Jun’24. The floor prices have been set at INR 3,150-3,620/t (including royalty, DMF and NMET). In its previous fines auction on 22 May’24, 152,000 t fines (Fe 54.6-58.8%) were booked at the base price of INR 2,750-3,580/t.
