NMDC is conducting auction for sale of Iron ore through MSTC for its Chhattisgarh based mines.
National 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 by MSTC.
The material will be delivered on FOR mine basis. The last date for the submission of EMD & Online Forward Auction (OFA) document is up to 12.00 hrs IST on 05 Aug, 2014.
The date of auction is on same day i.e. 05 Aug, 2014, which is scheduled to commence between 13.00 to 15.00 hrs IST.
Inspection Date: 30 Jul to 04 Aug, 2014.
Details of the Quantity Offered
- Lumps (Fe: 65.5-67%): 84,000 MT
- ROM (Fe: 65.5%): 4,000 MT
- Fines (Fe: 64%): 60,000 MT
Total Quantity: 148,000 MT
As per the Government of Chhattisgarh order, a transit fee of INR 7/MT is collected by NMDC for transportation of Iron ore and paid to the CG forest division.
Successful bidder may be charged transit fee additional 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.
[su_note note_color=”#d4d4d0″ text_color=”#0a0b0b”]NMDC had earlier invited sales of 112,000 MT Iron ore (Fines: 60,000 MT; Lumps: 52,000 MT) from its Bailadia mines in Chhattisgarh in third week of July, 2014.
JSW Salem was awarded 7 rakes of Baila Lumps and Uttam Galva was allotted 1 rake of lumps. 20,000 MT lumps remain unsold.
Tata Steel was awarded 10 rakes of Iron fines and JSW Steel’s Amba River Coke plant was allotted 5 rakes of Iron fines. Each rake contains approximately 4,000 MT ore.[/su_note]
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