NMDC`s 7th Advance E-auction on 10th September

NMDC`s (National Mineral Development corporation) Donimalai mines 7th advance E- auction on 10^th of September 2013. The total quantity of Iron ore offered for sale 356,000 MT.

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

Inspection of material will take place between 31.08.13 to 09.09.13

Total quantity of Iron ore offered for sale:

Iron ore lumps 124,000 MT, Fe 62.5, Moisture4-6%, undersize up to 10%

Iron ore Fines 232,000 MT, Fe 60.5, and Moisture 4-6%

Weekly Schedule:

Week 1 (13.9.13-19.09.13)

Iron ore lumps 36,000 MT

Iron ore Fines 56,000 MT

Week2 (20.09.13- 26.09.13)

Iron ore lumps 32,000 MT

Iron ore Fines 56,000 MT

Week3 (27.09.13- 03.10.13)

Iron ore lumps 28,000 MT

Iron ore Fines 60,000 MT

Week4 (04.10.03- 10.10.13)

Iron ore lumps 28,000 MT

Iron ore Fines 60,000 MT

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