India: MMTC floats Tenders for Purchase of Iron Ore Fines

Metals and Minerals Trading Corporation of India (MMTC), a Government of India Enterprise, invites tender for purchase of Iron ore Fines (Fe: 63%) from the eligible mine owners only. MMTC floats this tender on behalf of Neelachal Ispat Nigam Limited (NINL), which is one of India’s largest producers & exporters of Pig iron, at Kalinga Nagar Industrial Complex, Duburi, Jajpur, Odisha.

Quantity & Delivery period:

General conditions:

• Only those mine owners will be eligible for this tender who have Mines certification ,IBM Number etc.
• MMTC shall have the option/discretion to pre‐pone procurement of Iron Ore Fines of Jan, 2014 quota during Dec, 2013.
• Quantities can be increased or decreased at MMTC’s option during the above period, MMTC reserves right to extend the delivery period as per requirement of NINL.
• Allocation of rakes/quantity shall be on monthly basis, the balance quantity/rake shall not be carried forward to next month and shall be treated as lapsed quantity.

Specifications:

• Fe: 63%  basis
• Size: 0-10 mm

Total Quantity: 400,000 MT (approx)

Loading point:

Nearest Railway siding of the supplier from amongst Banspani, Jaroli, Essel , BIL Siding

of S.E. Railway under CKP Division & Nayagarh siding of E.Co railway .

(i) The bidders have to quote price on per WMT basis as per above mentioned loading Sidings.

(ii) Allotment of rakes shall be decided as per NINL’s requirement, CBT allocation of Rakes by Railway authorities and landed cost of material at NINL siding.

Destination:
Railway Siding of Neelachal Ispat Nigam Limited, Duburi (NINS) Jajpur, Odisha.

Important Time & Dates:

• Bid submission due date: before 13.30 hrs on 12 Dec, 2013
• Bid opening date: after 15.00 hrs on 12 Dec, 2013

NMDC’s Kumarswamy Iron Ore E-Auction

NMDC`s Kumarswamy mines in Karnataka is going to conduct an Iron ore e-auction on 06 Dec, 2013. The e-auction will be conducted under MSTC`s monitoring committee. Total quantity of Iron ore offered for sale is about 260,000 MT.

Auction will commence on Indian standard time between 11:00 HRS to 13:00 HRS. The inspection of material will take place from 02 Dec to 05 Dec, 2013

Iron ore offered for sale:

Iron ore Lumps: 200,000 MT

Iron ore fines: 60,000 MT

Royalty 10%, VAT 5.5% (on auction price and royalty) FDT 12% are applicable