Iron ore E-Auction is going to be held in Karnataka on 8th November’13. The total quantity of Iron ore offered in e-auction is 1,299,000 (1.3 MnT) of which 0.94 MnT is sub grade ROM.
MSTC (Metal & Scrap Trading Corporation Ltd) on behalf of various mines and stock yards in Karnataka is conducting the e-auction. Auction will commence at 11:00 HRS IST and Conclude by 13:00 HRS IST.
Inspection of material will take place between 02.11.13 to 07.11.13
Iron ore offered for sale:
Iron ore fines: 52,000 MT
Iron ore Lumps: 1,195,000 MT
ROM: 52,000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty) FDT 12% are applicable
Leave a Reply