India: NMDC's iron ore auction from Donimalai mines fetches higher bids
NMDC conducted an auction for 28,000 t of iron ore from the Donimalai mines on 19 Dec'23.
- 4,000 t of lumps (10-40 mm, Fe 54%) were booked at INR 4,017/t against the base price of INR 2,547/t
- 24,000 t fines (Fe 54%) were booked at INR 2,779/t against base price of INR 2,437/t
- Bid prices for lumps and fines were higher against base price by INR 1,470/t and INR 342/t, respectively.