India: NMDC to auction 24,000 t of iron ore from Karnataka
NMDC has scheduled an auction for 24,000 t of iron ore from its Donimalai mines in Karnataka on 15 May'24. Out of the total quantity, 20,000 t are iron ore fines (Fe 54%) and 4,000 t are lumps (10-40 mm, Fe 54%). The floor prices are yet to be declared by the company, which will be on FOR, ex-stockpile/mines basis and inclusive of royalty, DMF and NMET.