It is reported that OMDC Limited has secured the best offer of INR 2753 per tonne for 63% grade iron ore in 10mm to 30mm size in its latest tender on ex mine basis. Royalty at INR 27 per tonne is payable in addition. CST, if applicable is at 2%.

Considering the USD to INR exchange rate of 42.9650, it works out to about only USD 65 per tonne. The transportation charges shall be in addition.

(Sourced from Steelprices-india.com)