Tag: NMDC sales
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India: NMDC Kumaraswamy’s iron ore auction receives decent premium, around 200,000 t iron ore sold
NMDC auctioned 192,000 t of iron ore from its Kumaraswamy mines, Karnataka on 29 Oct’25. The entire quantity was booked, with lumps fetching premiums of INR 230-680/t and fines of up to INR 680/t. 80,000-t lumps (10-40 mm, Fe 61.12-61.77%) were booked at INR 4,449-4,740/t against a base price of INR 4,060-4,219/t and 112,000-t fines…