India: SKMEPL to auction 64,000 t of iron ore from Karnataka
SKMEPL has scheduled an iron ore auction for 40,000 t of lumps (10-40 mm, Fe 53.1-64%) and 24,000 t of fines (Fe 61%) from its Ramanadurga mines in Karnataka. The auction will be held on 4 Jan'24. The base prices for lumps and fines are set at INR 4,500-6,200/t and INR 5,500/t, respectively. Prices are on ex-mines basis, including royalty, DMF and NMET.