Tag: Bacheli mines iron ore update

India: NMDC’s iron ore DR-CLO auction from Chhattisgarh fetches 9% premium

Aug 23, 2025

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by

Adarsh Sahu

in Fines/Lumps

NMDC Chhattisgarh conducted an auction for 64,500 t iron ore from its Bacheli mines on 21 Aug’25. Around 12,900 t CLO (10-40 mm, Fe 67%) was sold at 9% premium against a base price of INR 6910/t, while the rest 51,600 t (Fe 64%) fines remained unsold. Prices were on FOR basis, inclusive of royalty,…