Jharkhand iron ore auction postponed with state-owned corporation in the lead

India: VESCO to auction over 100,000 t of iron ore from Karnataka

Veerabhadrappa Sangappa and Company (VESCO) has scheduled an auction for sale of 92,000 t of iron ore fines (Fe63.40-64.05%) and 20,000 t of lumps (Fe64.15%) from its Ramanamalai mines in Karnataka on 10 Oct’22. The fines floor price is established at INR 3200-3,350/t, while the lumps floor price is set at INR 4,250/t (including royalty, DMF and NMET charges).


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