State-owned KIOCL had floated a tender for purchase of 65,000 DMT (dry metric tonne) high-grade iron ore concentrate from overseas and offshore sources. The tender was scheduled on 15 Jul’16. Now, the company has extended the due date till 30 Jul’16.
The company has managed to receive bids but on request of interested bidders the company has decided to give some time to the interested bidders. Also, the company is in hopes to get a better response on the tender re-schedule on 30 Jul’16 according to sources.
The indicative Fe content of iron ore should be minimum 67%. The pellet supplied by KIOCL will constitute of Fe 65.5% min.
Iron ore procured 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.
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.
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/EURO/AED/MT.
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