NMDC`s Kumarswamy mines in Karnataka is going to conduct an Iron ore e-auction on 06 Dec, 2013. The e-auction will be conducted under MSTC`s monitoring committee. Total quantity of Iron ore offered for sale is about 260,000 MT.
Auction will commence on Indian standard time between 11:00 HRS to 13:00 HRS. The inspection of material will take place from 02 Dec to 05 Dec, 2013
Iron ore offered for sale:
Iron ore Lumps: 200,000 MT
Iron ore fines: 60,000 MT
Royalty 10%, VAT 5.5% (on auction price and royalty) FDT 12% are applicable
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