Tag: NMDC Iron ore Auction

NMDC’s Iron Ore Lump Fetches Premium in Auction Owing to Short Supply – Sources

Oct 24, 2017

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Admin Operation

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NMDC, the central government-owned mining entity Ltd, had put 56,000 MT iron ore for auction for non MoU customers which ended on 23 Oct’17. Out of which 16,000 MT was fines and 8,000 MT was DR-CLO (Calibrated Lumps Ore) and 8,000 MT was lump. As per sources, NMDC has fetched premium of around INR 300/MT…