India’s state-owned iron ore producer NMDC has increased its lump ore prices while leaving fines unchanged, the company said in a stock exchange filing.
Lump ore prices were raised by INR 50 (USD 6.2) per ton, bringing the revised rate to INR 5,600 (USD 63.2) per ton for 65.5pct Fe (10-40 mm). Fines remain priced at INR 4,750 (USD 53.6) per ton for 64pct Fe (10 mm).
The listed prices include royalty, DMF, and NMET charges, but exclude cess, forest permit fees, transit charges, GST, environmental levies, and other applicable taxes.
NMDC operates three fully mechanized mines in Chhattisgarh and Karnataka, with a combined production capacity of more than 45 mln tons annually.
1 USD / 88.5 INR
