Karnataka State Minerals Corp's iron ore auction receives weak response
Karnataka State Minerals Corp Ltd conducted an iron ore e-auction today from its Thimmappanagudi iron ore mine. Around 8,000 t was booked out of the total of 20,000 t on offer. The iron ore lumps (Fe 52.61%) lot was booked at INR 1,410/t ex-mines (excluding royalty, DMF and NMET), while the remaining lots were unsold, as per sources.