VESCO conducted an auction for sale of 32,000 t of iron ore lumps (Fe62.20-62.90%) from its Ramanamalai mines in Bellary, Karnataka, on 20 Mar’23. According to sources, the entire material remained unsold as buyers showed no interest. The floor price was set at INR 4,290-4,450/t, including royalty, DMF, and NMET.
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