India: NMDC to auction over 45,000 t of iron ore from Karnataka
NMDC has scheduled an auction for 48,000 t of iron ore from its Donimalai mines in Karnataka on 3 Oct'24. Of the total quantity, 36,000 t are fines (Fe 59%) and 12,000 t are lumps (10-40 mm, Fe 59%). The floor prices, which are yet to be declared, will be on FOR, ex-stockpile/mines basis and inclusive of royalty, DMF, and NMET.