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Wednesday, October 12, 2011

NMDC to auction 300000 tonne iron ore in on Oct 14

Wednesday, 12 Oct 2011

PTI reported that NMDC will conduct an E auction on Friday for the sale of 300,000 tonne of iron ore to steel and allied industries in Karnataka.

This will be second auction conducted by the mining major in a span of 10 days, having sold about 200,000 tonne of ore on October 4.
Mr Rana Som Chairman of NMDC told PTI that “On October 14, we are going to auction about 300,000 tonne of ore.”

He added that NMDC is looking to increase the quantum of iron ore to be sold through the E auction route in the coming days.

(Sourced from PTI)

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