MOIL, the country's largest manganese ore producer, in line with business practice of quarterly revising the prices of manganese, has fixed price of various grades of manganese ore for the quarter July-September, 2014.
The company has reduced the prices of all Ferro Grades of ore by 10% on the previous quarter price and has also slashed Electrolytic Manganese Dioxide’s (EMD) existing price by 5% for the quarter July-September, 2014. On the flip side, it has increased prices of Mn Ore Fines by 7.5% over previous quarter prices. Meanwhile, the company has maintained the existing price of SM Grades and Chemical Grades of ore.
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.
