India: NMDC`s Kumarswamy Iron Ore E-auction on 29th August

NMDC`s (National Mineral Development corporation) Kumarswamy mines located in the states of Karnataka conducting Iron ore e-auction on 29.08.13. The total quantity of Iron ore offered for sale 248,000 MT.


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

Inspection of material will take place between 26.08.13 to 28.08.13

Total quantity of Iron ore offered for sale:

Calibrated lumps ore(CLO)  100,000 MT

Iron ore Fines 24,000 MT

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


Calibrated lumps ore(CLO)  100,000 MT

Iron ore Fines 24,000 MT

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


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