NMDC Iron Ore E-Auction on 7th September

NMDC`s (National Mineral
Development corporation) Donimalai and Kumarswamy mines located in the states
of Karnataka is conducting Iron ore e-auction on 07.09.13.

The total quantity of
Iron ore offered for sale 324,000 MT.

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

Inspection of material
will take place between 30.08.13 to 06.09.13

Total quantity of Iron
ore offered for sale:

Iron ore lumps 224,000
MT

Iron ore Fines 100,000
MT

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