Vedanta will auction 20,000 t of iron ore lumps from its A. Narrain mines, Karnataka, on 6 Nov’24. The offered quantity includes 8,000-t lumps (6-20 mm, Fe 53%), 4,000-t lumps (10-40 mm, Fe 51.5%), 4,000-t siliceous lumps (10-40 mm, Fe 52%), and another 4,000-t siliceous lumps (6-20 mm, Fe 50.5%). The floor prices are yet to be declared, which will be on ex-mines/ex-lot basis and exclusive of royalty, DMF, and NMET.
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