India: Iron Ore E-Auction in Karnataka on 29th October

Iron Ore E-Auction by MSTC on behalf of various mines and stockyards in Karnataka on 29^th of October'13.

Two auctions are going to take place on 29^th October'13 and the total quantity of Iron ore offered is about 396,000 MT.

Auction 1 will commence at 11:00 HRS IST and conclude by 13:00 HRS IST

Auction 2 will commence at 13:00 HRS IST and conclude by 15:00 HRS IST

Inspection of material for both the auction will take place between 23.10.13 to 28.10.13

 Due Date: 1000 hrs IST on 29 Oct, 2013

Iron ore offered for sale: Auction 1

Iron ore Lumps 104,000 MT

Iron ore fines 104,000 MT

ROM 8000 MT

Iron ore offered for sale: Auction 2

Iron ore Lumps 92,000 MT

Iron ore fines 88,000 MT

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