India: NMDC`s Iron Ore E-Auction on 7th October'13

NMDC`s Donimalai and Kumarswamy mines in Karnataka is conducting Iron ore e-auction through MSTC on 7^th of October'13. The total quantity of Iron ore offered for sale is about 352,000 MT.

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

IST

Inspection of material will take place between 01.10.13 to 07.10.13

Iron ore offered for sale:

Iron ore Lumps 324,000 MT

Iron ore fines 28,000 MT

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