India's KIOCL (Kudremukh Iron Ore Company Limited), a government of India enterprise has floated a tender for supply of iron ore fines (1,00,000 tonnes) to its pellet plant based in Mangalore (Karnataka).
KIOCL is an export oriented unit based in coastal region of Karnataka. With ongoing mining issues in Karnataka, company has felt the crunch of supply of iron ore from NMDC Donamalai.
Tender documents read that iron fines will be accepted up to 62% Fe with a due date on 9th November 2012.
NMDC has reduced its iron ore fines prices by 11% for October. Fe 65 fines offer stands at around Rs 2,700/t (F.O.R NMDC Bailadila Siding) .
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