India: NMDC Kumaraswamy iron ore auction fetches premium bids
NMDC auctioned 348,000 t of iron ore on 13 Sep'24 from its Kumaraswamy mines.
- 128,000 t lumps (10-40 mm, Fe 59.58-64.41%) booked at INR 4,464-5,877/t against base price INR 3,704-4,677/t.
- 220,000 t fines (Fe 60.53-64.56%) booked at INR 3,652-4,897/t against base price INR 3,302-3,996/t. Prices were on ex-mines basis, including royalty, DMF, and NMET.
- Bid prices for lumps and fines were higher by INR 1,220/t and 1,040/t, respectively.