VESCO had conducted an auction for the sale of 24,000 t of iron ore (fines and lumps, Fe58.25-62.8%) from its Ramanamalai mines located in Bellary, Karnataka, on 30 Jan’23. According to sources, the entire material remained unsold as the auction got no bidders. The floor price was set at INR 3,450-4,675/t, inclusive of royalty, DMF, and NMET.
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