India: MMTC invites Tender for sale of 40,000 MT Goan Iron Fines

MMTC has invited short tender for sale of approximate 40,000 MT Iron ore fines (Fe:62%). The material is available at ex-Tollem Plot, Goa.

The material available for sale has been purchased from Goa 5^th e-auction conducted on 6 & 7 Nov, 2014 by KIOCL (Kudremukh Iron Ore Company Limited), one of the largest Pellet manufacturer in India. Company had purchased 90,000 MT Iron ore fines (Fe:62.6%).

Bidders must quote material price in INR/MT. VAT/CST applicable in the Goa state will be paid extra by the bidder. Also, bidder should deposit cost of material per lot comprising of 4,000 MT (1 rake).

Successful bidder shall arrange payment for 1^st lot of 4,000 MT cargo within seven working days from the date of signing the contract and lift the entire 40,000 MT within 45 days from the date of issue of 1^st delivery order.

Last date for bid submission will be 22 Jan, 2015 at 15.00 hrs and opening of technical and financial bids will be on the same day at 15.30 hrs.