India: MSTC conducts Auction for Sale of Iron Ore

Metal Scrap Trade Corporation (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 26 Mar & 27 Mar, 2014.

Auction 1

• Iron ore lumps: 112,000 MT
• Iron ore fines: 52,000 MT
• Total quantity: 164,000 MT

Bid opening time: 15.00 hrs on 26 Mar, 2014

Bid submission due date: Before 14.00 hrs on 26 Mar, 2014

Auction 2

• Iron ore lumps: 228,000 MT
• Iron ore fines: 144,000 MT
• Total quantity: 372,000 MT

Bid opening time: 11.00 hrs on 27 Mar, 2014

Bid submission due date: Before 10.00 hrs on 27 Mar, 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.