Tag: Bacheli Mines

India: NMDC Chhattisgarh’s iron ore DRCLO auction fetches premium of over INR 600/t

Aug 8, 2025

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by

Adarsh Sahu

in Fines/Lumps

NMDC Chhattisgarh auctioned 17,200 t (10-40 mm, Fe 67%) of iron ore DRCLO from its Bacheli mines on 7 Aug’25. The entire volume was booked at INR 7,520/t (INR 620/t premium) against the revised August base price of INR 6,900/t. Previously, on 25 Jul’25, 34,400-t DRCLO (Fe 67%) were booked at 10.5% premium (INR 6,450/t…