India: MSTC’s E-auction for Sale of Iron Ore

Metal Scrap Trade Corporation (MSTC) invites bid for sale of Iron ore from different Iron ore Mines/Stockyard at Karnataka.

Material will be available for sale on “As is Where is” basis.

The e-auction is for registered steel, Pig iron, Pelletisation, Sponge iron and Beneficiation plants which have been wholly/partly dependent on Iron ore from Karnataka for their own use.

There are two auctions which are scheduled on the same day i.e. on 15 Apr, 2014 at 14.00 hrs & 16.00 hrs.

Auction 1

• Iron ore fines: 1,484,000 MT
• Iron ore lumps: 240,000 MT
• Total quantity: 1,724,000 MT

Bid opening time: 14.00 hrs on 15 Apr, 2014

Auction 2

• Iron ore fines: 92,000 MT
• Iron ore lumps: 132,000 MT
• Total quantity: 224,000 MT

Bid opening time: 16.00 hrs on 15 Apr, 2014

Bid Submission Due Date: Before 10.00 hrs on 15 Apr, 2014

Royalty, Forest Development Tax, Sales tax, Cess and other statutory duties and levies etc applicable at the time of supplies will be extra and payable by the successful bidder.