State owned company, KIOCL has recently intended to procure 100,000 DMT (dry metric tonne) high grade iron ore concentrate from overseas and off shore sources. Before, the scheduled technical bids was closed on 30 Dec’15.
Currently, the company intends to extend the due date for submission of bids till 22 Jan’16 at 14:00 hrs. The company has extended the due date expecting some better response by providing sufficient time to the potential bidders.
Iron ore purchased through this tender will be used at Mangalore based pellet plant and the respective pellet produced out of the high grade iron ore will be purchased back by the same party. The indicative Fe content of iron ore concentrate should be haematite-minimum 66% or magnetite-67% minimum.
The respective high grade ore should be delivered at new Mangalore Port on CIF basis and for the sale of pellets, quotations should be given in FoB, new Mangalore Port basis. Also, prices should be quoted in USD/MT.
Quotations are invited from interested mine owners, traders, suppliers etc. Iron ore suppliers, who are ready to buy back the manufactured pellets, are only eligible to participate in this tender.
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