Tag: NMDC Kumarswamy iron ore auction

India: NMDC’s Kumaraswamy auction sees booking of around 230,000 t of iron ore

Jan 29, 2024

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by

Nidhi Awasthi

in Fines/Lumps

NMDC had an iron ore auction from Kumaraswamy Mines, Karnataka on 25 Jan’24. According to sources, 112,000 t fines (Fe 60.64-61.41%) and 116,000 t lumps (10-40, Fe 61.35-63.54%) were booked at INR 4,158-4,743 /t and INR 5,351-6,475/t against the base price of INR 3,928-4,083 /t and INR 4,281-4,745/t, respectively. Prices are on FOR, ex-Stockpile/mines basis…