India: Iron Ore E-Auction on 3rd of October'13 

MSTC is conducting Iron ore e-auction on behalf of various mines and stockyards in Karnataka on 03.10.13. The total quantity of Iron ore offered for sale is about 832,000 MT.

 

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

 

Inspection of material will take place between 26.09.13 to 01.10.13

 

Iron ore offered for sale:

 

ROM 792,000 MT

Iron ore fines 36,000 MT

Iron ore Lumps 4,000 MT

 

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


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