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The Times of India reported that today, the Indian government plans to e-auction 5 million tonnes of iron ore. Eleven mining companies have said they will participate in the sale.
The Times of India reported that today, the Indian government plans to e-auction 5 million tonnes of iron ore. Eleven mining companies have said they will participate in the sale.
As quoted in the market news:
The base price for a tonne of 58 grade lumps has been placed at 2,230 and for 57.06 grand fines 1,770. The base price for a tonne of 50.68 grade lumps is 1,220 and for 47 grade fines 370.
The over 5 million tonnes of ore to be e-auctioned is lying at various places including at Mormugao Port Trust (MPT), Amona jetty, Sarmanas jetty, Capxem jetty, Shelvona jetty, Vagus jetty and belongs to Sesa Mining Corporation Limited, V M Salgaocar, Sesa Sterlite Ltd, Timblo Enterprises, Chowgule and Sociedade Timblo Irmaos Limitada.
Click here to read the full report from The Times of India.