India: NMDC`s Iron Ore E-Auction on 28 October'13   

NMDC's Donimalai and Kumarswamy mines in the state of Karnataka are conducting Iron ore e-auction on 28^th of October.

MSTC`s monitoring committee is conducting the whole bidding process. The total quantity of Iron ore offered by NMDC is about 308,000 MT which is less by 40,000 MT from last e-auction.

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

 Due Date: 1400 hrs IST on  28 Oct, 2013

Inspection of material will take place between 22.10.13 to 28.10.13

Iron ore offered for sale:

Iron ore Lumps 224,000 MT

Iron ore fines 84,000 MT

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