Indian state-run miner NMDC Limited has increased its listed prices of iron ore lumps and fines for all deliveries with immediate effect, sources said on Monday, January 30.
According to the sources, the price for iron ore lumps (Fe content 65.5 percent) has been increased by INR 200/mt ($2/mt) taking the effective price to INR 4,800/mt ($58.89/mt) ex-pithead and with an increase of INR 200/mt ($2/mt) in the case of iron ore fines taking the effective price to INR 3,910/mt ($47.97/mt) ex-pithead.
The prices are exclusive of royalty and mandatory payments to the District Mineral Fund (DMF), the National Mineral Exploration Trust (NMET), cess, forest permit fees and other statutory payments.