Iron ore e-auction at Karnataka on 27th June 

Iron ore mines located in the states of Karnataka is
going to conduct an e-auction through MSTC. Two auctions are going to be conducted on the same date i.e.
27.06.13. In 1^st auction
total quantity offered is 3, 08,000
MT & in 2^nd auction total quantity offered is 2, 70,000 Mt.

Auction 1
opening time 11:00 IST Closing time 13:00 IST

Auction 2
opening time 15:00 IST Closing time 17:00 IST

Inspection of material will take place between 21.06.13
to 26.06.13

Auction 1:-

Detail of quantity
offered:

Lumps 52,000

ROM 2, 12,000

Iron ore fines
44,000

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

Auction 2:-

Detail of quantity
offered:

Lumps 32,000

ROM 1, 42,000

Iron ore fines
40,000

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

Lumps 8,000

ROM 32,000

Iron ore fines
16,000

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