India: Vedanta to auction over 140,000 t of iron ore from Karnataka

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Vedanta has scheduled an auction of 120,000 t of iron ore fines (Fe57.5%) on 11 Nov’22 from its A. Narrain mines, Karnataka. The floor price is set at INR 1,277/t.
Another auction of 24,000 t of lumps (Fe58.25-59.5%) is scheduled on 15 Nov’22 for which the floor price is set at INR 4,108-4,361/t.
Prices are excluding royalty, DMF and NMET.

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