NMDC's 6th Advance E-auction at Karnataka on 7th of August

NMDC Donimalai mines 6th advance E-Auction at Karnataka is scheduled on 7^th of August 2013. The total quantity of Iron ore to be offered for sale by NMDC is about 4,20,000 MT.

The auction will commence at 11:00 IST HRS & will conclude by 13:00 IST Hrs

Inspection of material will take place between 03.08.2013 to 06.08.13

Details of the quantity offered:

Iron ore Lumps 1,40,000 MT, Fe% 62.5,  Moisture 4-6%, Undersize up to 10%

Iron ore Fines 2,80,000 MT, Fe% 60.5, Moisture 6-8%

Weekly Schedule

1^st week 14-20/08/2013

Iron ore Lumps : 36,000 MT

Iron ore fines : 64,000 MT

2^nd Week 21-27/08/2013

Iron ore Lumps : 36,000 MT

Iron ore fines :  68,000 MT

3^rd Week 28/08/2013 – 03/09/2013

Iron ore Lumps : 36,000 MT

Iron ore fines : 72,000 MT

4^th Week 04-10/09/2013

Iron ore Lumps : 32,000 MT

Iron ore fines : 76,000 MT

Royalty 10%, VAT 5.5% (on auction price and royalty), FDT 12% are applicable.