Tag: SAIL iron ore auction
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India: SAIL’s iron ore auction from Odisha fails to attract buyers
Steel Authority of India Ltd (SAIL) conducted an auction on 11 June’22 for 40,000 t of iron ore fines (Fe 62.5%) from its Bolani mines in Odisha. The base price for the material was INR 6,700/t ex-mines inclusive of royalty, DMF, NMET and the additional amount mentioned in the MMDR Amendment Act. According to a…