India: Iron Ore E-auction at Karnataka on 13th August 

Iron ore e-auction is to be held at Karnataka on 13^th of Aug 2013, 

The total quantity of Iron ore offered 7,04,000 MT by various mines & stockyards at Karnataka. Whole bidding process is conducted by MSTC, monitoring committee.

Opening time of auction 15:00 IST and Closing time 17:00 IST

Inspection of material will take place between 07.08.13 to 12.08.13

Details of Quantity offered:

Iron ore fines 2,12,000 MT

ROM 4,92,000 MT

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