India: MSTC Invites Bids for 25,757 MT Manganese Ore Auction

State-owned, MSTC-Karnataka is all set to conduct the e-auction on 21Apr'2020. The previous auction which was scheduled for 30^th Mar'2020 was postponed due to nationwide lockdown declared due to Coronavirus pandemic. The lots from the March auction has been added to the April auction lots. A total of 4 lots are there in the auction, with a total quantity of 25,757 MT of Manganese Ore, out of which 16,653 MT is from Sandur Mines and the rest of the quantity belongs to Narayan Mines.

The details of the proposed auctions are as below:-

1. 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.
   
   
2. The physical location of the lot is indicated by markers of a suitable type and they are only indicative and not geometrical.
   
   
3. 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.