India: NMDC Iron Ore E-auction on 20th August

NMDC`s (National Mineral Development corporation) Donimalai & kumarswamy mines located in the states of Karnataka is conducting Iron ore e-auction on 20th August 2013.

MSTC a government organization in Karnataka, on behalf of NMDC is conducting an e-auction. The total quantity of Iron ore offered for sale 2,80,000 MT.

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

Inspection of material will take place between 16.08.13 to 19.08.13

 

Details of quantity offered for sale:

Iron ore lumps 2,40,000 MT

Iron ore Fines 40,000 MT


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


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