Tag: NMDC iron ore auction result

India: Over 380,000 t of iron ore fetch premium bids in NMDC’s Kumaraswamy auction

Feb 20, 2024

—

by

Nidhi Awasthi

in Fines/Lumps

NMDC had an iron ore auction from Kumaraswamy mines, Karnataka on 19 Feb’24. According to sources, 132,000 t fines (Fe 59.15-62.93%) and 252,000 t lumps (10-40, Fe 60.36-64.44%) got booked at INR 3,673-5,527/t and INR 5,292-5,999/t against the base price of INR 3,627-4,389/t and INR 4,072-4,935/t, respectively. Prices are on FOR, ex-stockpile/mines basis and inclusive…