Tag: NMDC CG iron ore auction result

NMDC auctioned 72,800 t of iron ore from its Bacheli mines, Chhattisgarh, on 8 May. Entire 21,500-t DRCLO (10-40 mm, Fe 67%) offered sold at 3.4% premium over base price (INR 7,270/t). 47,300-t Baila fines (Fe 64%) received no bids (base price was INR 5,550/t). 4,000-t Baila-sized lumps (10-20 mm, Fe 65.5%) sold at 7%…