Sandur Manganese and Iron Ores Ltd (SMIORE) has scheduled an auction for 23,000 t of iron ore lumps (5-40 mm, Fe 56.20-58.80%) from its Sandur mines, Karnataka on 9 Nov’24. The floor prices have been set at INR 4,190-5,530/t. In its previous auction, 3,000 t lumps (5-20 mm, Fe 56.60-57%) was booked at INR 4,880-5,060/t and another 4,000 t lumps (20-40 mm, Fe 56.50%) at INR 4,780/t. Prices include royalty, DMF & NMET.
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