India: NMDC`s Iron ore E-Auction on 9th October

NMDC's Donimalai and Kumarswamy mines in Karnataka are conducting Iron ore e-auction through MSTC on 9th October. The total quantity of Iron ore offered for sale is about 388,000 MT.

 

Auction will commence at 15:00 HRS IST and conclude by 17:00 HRS IST


Inspection of material will take place between 01.10.13 to 08.10.13 

 

Iron ore offered for sale:

 

Iron ore Lumps 324,000 MT

Iron ore fines 64,000 MT

 

 

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


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