India: NMDC`s Iron Ore E-auction on 20 September

NMDC`s Donimalai and Kumarswamy mines at Karnataka are conducting Iron ore e-auction on 20 September 2013.

MSTC`s, monitoring committee on behalf of NMDC is organizing the whole bidding process . The total quantity of Iron ore offered for sale 316,000MT.

Auction will Commence at 15:00 IST and conclude by 17:00 IST

Inspection of material will take place between 14.09.13- 19.09.13

Total quantity of Iron ore offered for sale:

Iron ore lumps 200,000MT

Iron ore fines 116,000MT

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