India: SAIL to auction around 80,000 t of iron ore from Odisha

SAIL has scheduled auctions for around 78,940 t of iron ore from its Odisha-based mines.

• Bolani mines: 43,000-t CLO (10-40 mm, Fe 62.4%) and 16,000-t dump fines (Fe 61.01%) on 29 and 30 Oct, respectively.
• Barsua mines: 19,940-t tailings (10-40 mm, Fe 60.2%) on 29 Oct.

Floor prices are yet to be declared and will be on ex-mines basis for fines and FOR basis for iron ore CLO.