en.Wedoany.com Reported - National Mineral Development Corporation Ltd. (NMDC Ltd.) sold a total of 27,200 tons of iron ore in an auction held in Chhattisgarh on June 18, 2026. Of this, the Bacheli mine sold 27,500 tons, while all fines from the Kirandul mine received no buyer response.

The auction results for the Bacheli mine are as follows: 21,500 tons of DR CLO (10-40 mm, 67% Fe) were sold at INR 6,600/ton (a premium of INR 250/ton); 6,000 tons of lump ore (10-20 mm, 65.5% Fe) were sold at the base price of INR 5,650/ton. All 81,200 tons of fines (-10 mm, 60% Fe) from this mine remained unsold. All 71,600 tons of fines from the Kirandul mine received no buyer bids.

NMDC, India's largest iron ore producer under the Ministry of Steel, operates mines in the Bailadila region of Chhattisgarh and the Donimalai mine in Karnataka. The Bacheli and Kirandul mines in this auction are both located in the Bailadila region of Chhattisgarh, known for producing high-grade iron ore. The above prices exclude royalty, District Mineral Foundation (DMF) levy, and National Mineral Exploration Trust (NMEDT) tax.

In this auction, high-grade direct reduction grade iron ore (DR CLO) and lump ore were sold at a premium, while all low-grade fines failed to attract buyers, reflecting the Indian steel market's preference for high-grade ore and weak demand for fines. NMDC typically sells iron ore through a combination of long-term contracts and spot auctions.

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