Sandur Manganese and Iron Ores Ltd (SMIORE) has released an auction notification for 33,000 t of iron ore lumps (5-40 mm, Fe 52.90-58%) from its Sandur mines, Karnataka on 23 Apr’24. The floor prices for the auction have been set at INR 3,970-5,290/t. In its previous auction, 28,000 t lumps (5-40 mm, Fe 55-57.1%) and 50,000 t fines (Fe 56.5-56.6%) booked at INR 4,220-4,850/t and INR 3,480-3,490/t, respectively. Prices include royalty, DMF & NMET.
