India: MSTC auctions 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.

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

The two auctions are scheduled on the same day that’s on 04 Apr, 2014. The other two will be held on 07 Apr & 08 Apr, 2014 respectively.

Auction 1

• Iron ore lumps: 116,700 MT
• Iron ore fines: 748,000 MT
• Total quantity: 864,700 MT

Bid opening time: 11.00  hrs on 04 Apr, 2014
Bid submission due date: Before 10.00 hrs on 04 Apr, 2014

Auction 2

• Iron ore fines: 680,000 MT
• Total quantity: 680,000 MT

Bid opening time: 13.00 hrs on 04 Apr, 2014
Bid submission due date: Before 10.00 hrs on 04 Apr, 2014

 Auction 3

• Iron ore lumps: 196,000 MT
• Iron ore fines: 160,000 MT
• Total quantity: 356,000 MT

Bid opening time: 15.00 hrs on 07 Apr, 2014
Bid submission due date: Before 14.00 hrs on 07 Apr, 2014

 Auction 4 (Advanced)

Advance Iron ore e-auction for Donimalai Mines in the state of Karnataka will be held on 08 Apr, 2014. The total quantity of Iron ore offered for sale in e-auction is 384,000 MT. 

• Iron ore lumps: 184,000 MT, Fe%: 62, Moisture: 4-6%, Undersize: Upto 15%
• Iron ore fines: 200,000 MT, Fe%: 60, Moisture: 6-8%

Week 1-4 (15 Apr-05 May’14) 

• Iron ore lumps: 184,000 MT
• Iron ore fines: 200,000 MT

Bid opening time: 15.00 hrs on 08 Apr, 2014
Bid submission due date: Before 14.00 hrs on 08 Apr, 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.