Iron Ore E-auction at Karnataka on 29th July 

MSTC, monitoring committee is organizing Iron ore E-auction for various  mines and stockyards in Karnataka on July 29, 2013. The Total quantity of Iron ore offered  for sale  8,48,000 MT. The opening and closing date the auction is same i.e. 29.7.2013

Auction will start at 15:00 IST & Closed at 17:00 IST

Inspection of material will take place between 23.07.2013 to 29.07.2013

Details of quantity offered for sale:

Iron ore lumps 28,000 MT

Iron ore fines 20,000 MT

ROM 8,00,000 MT

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