MSTC is conducting Iron ore e-auction at karnataka on 27th of September, on behalf of various mines and stockyards in karnataka.
The total quantity of Iron ore offered for sale is 460,000MT.Total two auction going to take place on 27th september'13.
Auction 1 will commence at 11:00 HRS IST and conclude by 13:00 HRS IST
Auction 2 will commence at 13:00 HRS IST and conclude by 15:00 HRS IST
Auction1: Inspection of material will take place between 21.09.13 to 26.09.13
Auction 2: Inspection of material will take place between 21.09.13 to 26.09.13
Iron ore offered for sale:
Auction1: Total quantity offered 280,000 MT
Iron ore fines 152,000 MT
Iron ore Lumps 120,000 MT
ROM 8000 MT
Auction2: Total quantity offered 180,000 MT
Iron ore fines 76,000 MT
Iron ore Lumps 76,000 MT
ROM 28000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty) FDT 12% are applicable
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