auction

India: MSTC Invites Bid for Iron Ore E-auction in Karnataka

Metal & Scrap Trade Corporation (MSTC) is conducting Iron ore e-auction for NMDC and other private mines in Karnataka on 28 Feb & 3 Mar, 2014.

The Total quantity of 778,700 MT Iron ore is offered in the auction. 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.

Auction 1: NMDC’s Iron ore E-auction

  • Iron ore fines: 92,000 MT
  • Iron ore lumps: 140,000 MT
  • Total quantity: 232,000 MT

Bid opening time: 13.00 hrs on 28 Feb, 2014

Auction 2: Private mines Iron ore E-auction

  • Iron ore fines: 386,000 MT
  • Iron ore lumps: 160,700 MT
  • Total quantity: 546,700 MT

Bid opening time: 15.00 hrs on 03 Mar, 2014

Bid submission due date: Before 10.00 hrs on auction date

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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