Iron ore e-auction is going to be held in Karnataka on 16th November’13. The total quantity of Iron ore offered in e-auction is 348,000 MT by combined of two auctions.
MSTC (Metal & Scrap Trading Corporation Ltd) on behalf of various mines and stock yards in Karnataka is conducting the two e-auction, on 16th November at 1100 hrs & 1300 hrs. First auction will commence at 1100 hrs IST and conclude by 1300 hrs IST whereas second auction will commence at 1300 hrs IST and conclude by 1500 hrs IST.
Inspection of the material will take place between 09th Nov to 15th Nov’13
Due Date: 1000 hrs IST on 16th November’13
Iron ore offered for sale:
First Auction: 188,000 MT
Second Auction: 160,000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty) FDT 12% are applicable
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