KIOCL (Kudremukh Iron Ore Company Ltd), which operates a 3.5 MnT pellet plant at Mangalore, has invited bids through EoI (Expression of Interest) to import iron ore. The company will import iron ore and make pellets, which will then be exported to Iran.
Iran, which is the world’s leading DRI producer, is likely to fall short of about 8 MnT high grade (Fe 65%) pellets this fiscal, thus is a potential market for pellet imports. Therefore, KIOCL is looking up for this opportunity and expects to sell upto 2 MnT pellets to Iran.
The company has invited bids from off-shore suppliers for supply of iron ore fines and or concentrate over a period of 1 year. The government owned enterprise has invited bids from overseas iron ore producers/mine owners/iron ore suppliers/traders/stockists for supply of iron ore to be shipped to New Mangalore port over a period of 1 year.
Desired Specifications
- Iron ore concentrate-Hematite: Fe-67% (min), Alumina-1% (max), Silica-3% (max)
- Iron ore concentrate-Magnetite: Fe 67.5% (min), Alumina-0.5% (max), Silica-4.5% (max)
- Iron ore fines-Fe 64%, Silica & Alumina-5% (max), size- (-10 mm)
Important Terms and Conditions
- Interested parties should have supplied at least 50,000 MT iron fines/concentrate during any 1 year in last 3 fiscal years (i.e FY13, FY14 & FY15)
- They should have a turnover of at least USD 3 million in any of the last 3 fiscal years
- Once the off-shore suppliers are empanelled for supply of iron ore, they will have to furnish quote 1 trail shipment. On successful completion of trial shipment, a LTA with the price linked to mutually acceptable international index would be considered for appropriate quantity and period
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