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

Vedanta Limited has scheduled an auction for 12,000 t of iron ore lumps (10-40 mm, Fe 51.5-56%) and 8,000 t of lumps (6-20 mm, Fe 52%) from its A. Narrain Mines in Karnataka. The auction will be held on 14 Oct’24. The floor price for the auction is yet to be declared, which will be on ex-mines/ex-lot basis and exclusive of royalty, DMF and NMET.


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