Iron ore e-auction at Karnataka on 26th June

MSTC is going to conduct an e-auction for Iron ore mines located in the states of Karnataka. Total
quantity of Iron ore offered by mines 12,76,000 MT.

Opening & closing date of auction is same 26.06.2013.

Opening time of auction 15:00 IST & Closing time of
auction 17:00 IST

Inspection of material will be done between 20.06.2013 to
25.06.2013

Details of quantity offered:

Iron ore fines 476,000
MT

Iron ore lumps 20,000
MT

ROM 780,000 MT

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