India: VESCO to auction over 180,000 t of iron ore from Karnataka

Veerabhadrappa Sangappa and Company (VESCO) has scheduled two auctions for the sale of iron ore from Karnataka on 12 December.

• 80,000 t of iron ore fines and lumps (Fe63.50-64.95%) from its Dharmapuri mines at the floor price of INR 3,475-4,550/t.
• 108,000 iron ore fines and lumps (Fe61.60-63.50%) from its Ramanamalai mines at the floor price of INR 3,250-4,350/t.
• All prices include royalty, DMF, and NMET charges.