India: 12,000 t of iron ore lumps booked in Vedanta's auction from Karnataka
Vedanta Limited conducted an auction for 24,000 t of iron ore lumps from its A. Narrain Mines, Karnataka, on 16 Sep'24. According to sources, 4,000 t of lumps (10-40 mm, Fe 54%) were booked at the base price of INR 3,100/t, and 8,000 t of lumps (6-20 mm, Fe 53%) were booked at the base price of INR 2,920/t. Prices were on ex-mines/ex-lot basis and exclusive of royalty, DMF, and NMET.