Iron ore E-Auction is going to be held in Karnataka on 17th October, which is being conducted by MSTC (Metal & Scrap Trading Corporation Ltd) on behalf of various mines and stock yards in Karnataka. Two auctions are going to take place on 17th October'13.
The total quantity of Iron ore offered for sale is about 760,000 MT. Auction will commence at 14:00 HRS IST and Conclude by 18:00 HRS IST.
Inspection of material will take place between 10.10.13 to 16.10.13
Iron ore offered for sale: Auction1
Iron ore fines 120,000 MT
Iron ore Lumps 400,000 MT
ROM 44,000 MT
Iron ore offered for sale: Auction2
Iron ore fines 68,000 MT
Iron ore Lumps 100,000 MT
ROM 28,000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty) FDT 12% are applicable
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