NMDC to auction 12.5 million wmt of iron ore slimes

National Mineral Development Corporation Limited (NMDC), India's largest state-owned iron ore producer, has announced plans to sell a total of 12.5 million wet tonnes (wmt) of iron ore slimes from its major Bacheli and Kirandul complexes in Chhattisgarh state via an online forward auction this Friday, according to the company's notice released last week.

The total volume consists of 9 million wmt (an average iron content of about 57%) from the Bacheli complex under a three-year contract, and 3.5 million wmt (an average iron content of about 60%) from the Kirandul complex under a two-year contract. Both contracts can be extended by up