Tag: Donimalai iron ore auction

NMDC Karnataka’s auctions on 2 and 3 Dec recorded bookings of 240,000 t iron ore. Lumps fetched premiums of up to INR 720/t. Kumaraswamy (3 Dec): 96,000-t lumps (10-40 mm, Fe 59.63-61.21%) booked at INR 4,145-4,415/t against base price of INR 3,695-4,082/t; 116,000-t fines (Fe 56.17-61.29%) booked at INR 2,453-3,804/t. Donimalai (2 Dec): 28,000-t lumps…