Odisha based merchant miner Aryan Mining & Trading Corporation has revised iron ore prices.
The iron ore mines of AMTC, Narayanposi (Koira) are located in Sudergarh district of Odisha. Its iron ore production stood at 2.9 MnT in FY14. The miner has resumed iron ore sales recently and has started fresh mining as well.
Current offers of AMTC mines
|
Size (mm) |
Grade (Fe %) | Prices in INR/MT |
Change |
| 5-18 | 63 | 2,250 | +200 |
| Fines | 63 | 1,350 | +100 |
Ex-mines prices inclusive of Royalty
Source: SteelMint Research
The probable reason behind increase in prices is because of limited quantity being offered. Major merchant iron ore miners in Odisha are yet to take a call on prices for Jan’16 as the market is in a wait & watch scenario.
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