India: MSTC conducts Auction for Sale of Iron Ore in Karnataka

Metal Scrap Trade Corporation Limited (MSTC) invites bid for sale of Iron ore from different Iron ore mines/Stockyard at Karnataka.

Material will be available for sale on “As is Where is” basis.

The e-auction is for registered Steel plants, Pig iron plants, Pelletisation plant, Sponge iron plants and Beneficiation plants which have been wholly/partly dependent on Iron ore from Karnataka for their own use.

There are two auctions which are scheduled on the same day i.e. on 31 Jan, 2014 at 11.00 hrs & 13.00 hrs.

Auction 1:

  • Iron ore fines: 84,000 MT
  • Iron ore lumps: 196,000 MT
  • Total quantity: 280,000 MT

Bid Opening Time: 11.00 hrs on 31 Jan, 2014

Auction 2:

  • Iron ore fines: 152,000 MT
  • Iron ore lumps: 60,000 MT
  • Total quantity: 212,000 MT

Bid Opening Time: 13.00 hrs on 31 Jan, 2014

Bid Submission Due Date: Before 10.00 hrs on 31 Jan, 2014

Royalty, Forest Development Tax, Sales tax, Cess and other statutory duties & levies etc. applicable at the time of supplies will be extra and payable by the successful bidder.


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