India: VESCO to auction over 50,000 t of iron ore from Karnataka

Veerabhadrappa Sangappa and Company (VESCO) has scheduled two auctions for sale of around 56,000 t of iron ore (fines and lumps, Fe63.25-64.95%) from its Ramanamalai and Dharmapuri mines in Karnataka on 4 Nov’22. The fines floor price is established at INR 3,300/t, while the lumps floor price is set at around INR 4,150-4,375/t (including royalty, DMF and NMET charges).


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