MOIL, the country's largest manganese ore producer, has fixed price of various grades of manganese ore for the quarter April-June, 2014. This step has been taken in line with the company’s business practice of quarterly revising the prices of manganese ore.
The existing price of all Ferro Grades of ore (except Balaghat Mine); SM Grade (Mn 30%), SM Grade Low (Mn 20%); Fines and all Chemical Grades have been maintained while the existing price of all SM Grades Low (Mn 25%) are increased by 10% over the prices of January-March 2014.
Further, the existing prices of Balaghat Ferro Grade ore BG102 is reduced by 7.5%, over the prices of January-March 2014 and prorate reduction of price on Mn content basis for BG1408 & BG1466 while the existing price of Electrolytic Manganese Dioxide (EMD), are maintained.
MOIL is the largest iron ore company in India and fifth largest in world. It currently operates seven underground mines (Kandri, Munsar, Beldongri, Gumgaon, Chikla, Balaghat and Ukwa mines) and three opencast mines (Dongri Buzurg, Sitapatore/Sukli, and Tirodi). The company is actively involved in exploration and development activities with a view to increase its proven manganese ore reserves.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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