India: SMIORE Keeps Base Price Firm For Upcoming December Manganese Ore Auction

State-owned, MSTC-Karnataka is to conduct the e-auction on 26 Dec’ 19. In line with stabilized Manganese Ore prices in the global market and improved demand, Sandur Manganese and Iron Ores Ltd., Karnataka kept the base price of Manganese ore firm for December Auction. The total quantity offered for the e-auction from Sandur Manganese and Iron Ore Limited (SMIORE) is 24,696 MT. The Manganese (Mn) content of the material offered was in the range of 26-34 %.

The Manganese Ore as mentioned in the e-auction schedule is available on “as is where is basis” from Manganese Ore Mines/Stockyard, as mentioned therein, for sale through the online auction process. The physical location of the lot is indicated by markers of a suitable type and they are only indicative and not geometrical. According to information on MSTC’s website, the bid value quoted shall be the basic price in Rupees per WMT (Wet Metric Ton) for the mineral. Royalty, Forest Development Fee (FDF), GST (5% on Ore auction price; 18% on Royalty, FDF and Bulk Permit processing Fee), Cess and other statutory duties and levies, etc. applicable at the time of supplies will be extra and payable by the successful bidder.