India: NMDC’s Bailadila Mines to auction Iron Ore

Iron oreNational Mineral Development Corporation (NMDC) is a state-controlled mineral producer of Indian Government. NMDC’s Bailadila Sector (Kirandul & Bacheli) in Chhattisgarh offers sale of Iron ore through e-auction conducted through MSTC.

 

The material will be delivered on FOR/FOT mine basis.

Quantity Offered

  • Lumps (Fe: 65.5%): 60,000 MT
  • ROM (Fe: 65.5%): 40,000 MT

 Total Quantity: 100,000 MT 

Auction Date: 13:00 hrs on 21 May, 2014

 Date of Submission: EMD & Online Forward Auction (OFA) document has to be submitted up to 12.00 hrs IST on 21 May, 2014.

NMDC has conducted its last auction on 25 Apr, 2014 for 144,000 MT of Iron ore

For transportation of Iron ore, as per Government of Chhattisgarh order, a transit fee of INR 7/MT is collected by NMDC and paid to the CG forest division.

The transit fee will be in addition to royalty, sales tax/ VAT, forest development tax, forest permit fee  and labor welfare cess etc will be applicable at the time of supplies or that may be introduced in future are payable by the successful bidders.


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