Iron ore e-auction at Karnataka on 16.07.2013

Iron ore e-auction at Karnataka for various mines and stock traders on behalf of Monitoring committee scheduled on 16^th of July. Total quantity of iron ore offered for sale is 6,96.000 MT

The opening and closing date of auction is same 16.07.2013. Auction will start at 15:00 IST and close at 17:00 IST.

 Inspection of material will take place between 04.07.2013 to 15.07.2013

Details of quantity offered for sale:

•    Iron ore fines 4,52,000 MT
•    Rom 1,84,000 MT

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

•      Rom 60,000 MT

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