NMDC Kumarswamy Iron ore e-auction on 25th June.

NMDC Kumarswamy mines located in the states of Karnataka is going to conduct an e-auction for 140,000 MT of Iron ore (Calibrated lumps ore & Fines). Opening & closing date remains same, i.e., 25.06.2013 at 15:00 IST. Closing time of auction is 17:00 Hrs.

Inspection of material will take place between 18-6-2013 to 24-6-2013.

 Details of quantity offered:

Calibrated lumps ore (CLO) 48,000 MT

Iron ore fines 20,000 MT

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

 Calibrated lumps ore (CLO) 48,000 MT

Iron ore fines 24,000 MT

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