India: VESCO to auction over 40,000 t of iron ore from Karnataka

Veerabhadrappa Sangappa and Company (VESCO) has scheduled two iron ore auctions from Karnataka on 16 Jan’23.

• 20,000 t of fines (Fe63.50-64.80%) will go under the hammer from Dharmapuri mines and the floor price is INR 4,200-4,400/t.
• 24,000 t of fines and lumps (Fe58.25-62.8%) from Ramanamalai mines will go under the hammer at the floor price of INR 3,450-4,675/t.
• All prices include royalty, DMF, and NMET charges.