India: 12,000 t of iron ore lumps booked in Vedanta's auction from Karnataka
Vedanta conducted an auction for 12,000 t of iron ore lumps from its A. Narrain Mines, Karnataka, on 16 Nov'24. According to sources, 8,000-t lumps (6-20 mm, Fe 53%) were booked at the base price of INR 3,125/t, while 4,000-t lumps (10-40 mm, Fe 51.5%) were booked at the base price of INR 2,825/t. Prices are on ex-mines/ex-lot basis and exclude royalty, DMF, and NMET.