NMDC`s 8th Advance E-Auction on 8th October'13

NMDC`s (National Mineral Development Corporation) Donimalai mines, Iron ore advance E- auction on 8^th of October 2013. The total quantity of Iron ore offered for sale 404,000 MT.

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

Inspection of material will take place between 03.10.13 to 07.10.13

Total quantity of Iron ore offered for sale:

Iron ore lumps 152,000 MT, Fe 62.5, Moisture4-6%, undersize up to 10%

Iron ore Fines 252,000 MT, Fe 60.5, and Moisture 4-6%

Weekly Schedule:

Week 1 (15.10.13-21.10.13)

Iron ore lumps 40,000 MT

Iron ore Fines 60,000 MT

Week2 (22.10.13- 28.10.13)

Iron ore lumps 40,000 MT

Iron ore Fines 60,000 MT

Week3 (29.10.13- 04.11.13)

Iron ore lumps 36,000 MT

Iron ore Fines 68,000 MT

Week4 (05.11.03- 11.11.13)

Iron ore lumps 36,000 MT

Iron ore Fines 64,000 MT

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