MMTC, one of the India’s largest trading house, has invited an EoI (Expression of Interest) from overseas buyers/traders/consumers for empanelment of buyers willing to import low grade iron ore (Fe 57%) of Goan origin.
Previously, the technical bids was scheduled on 10 Sept’15. Now, the company has re-scheduled this tender till 21 Sept’15. Date has extended on account of less participation interest from global buyers.
“The company had expected a good participation of global buyers in this tender. Due to fewer participation, the company is trying to give more time to the interested one”, said an official of MMTC.
Since the government had reduced export duty on low grade iron ore (less than 58%) from 30% to 10%, the company expects more participation in this tender.
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