Vedanta Limited conducted an auction for 16,000 t of iron ore lumps from its A.Narrain mines, Karnataka, on 1 Oct’24. According to sources, 8,000 t (10-40 mm, Fe 52.5%) were booked at INR 3,100-3,140/t against the base price of INR 2,990/t, and 8,000 t (10-40 mm, Fe 53%) were booked at INR 3,320/t against the base price of INR 3,070/t. Prices are on ex-mines/ex-lot basis, exclusive of royalty, DMF, and NMET.
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