India: Vedanta to auction 20,000 t of iron ore lumps from Karnataka

Vedanta Limited has scheduled a lumps auction for 12,000 t (10-40 mm, Fe 52.5%) and 8,000 t (6-20 mm, Fe 52.5%) from its A.Narrain Mines, Karnataka on 14 Aug’24. In its previous auction on 7 Aug’24, 16,000 t lumps (10-40 mm, Fe 52-52.5%) got booked at INR 3,050-3,110/t against the base price of INR 3,050/t. Price is on ex-mines/ex-lot basis and exclusive of royalty, DMF and NMET.


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