Vedanta conducted an auction for 20,000 t of iron ore lumps (10-40 mm, Fe 55.5%) from its A. Narrain mines in Karnataka on 12 Nov’24. According to sources, the entire quantity was booked at INR 3,950/t against the base price of INR 3,750/t. Price is on ex-mines/ex-lot basis and excluding royalty, DMF and NMET.
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