MOIL, the country’s largest manganese ore producer, in line with business practice of quarterly revising the prices of manganese ore, has fixed price of various grades of manganese ore for the quarter October-December, 2014.
The prices of Ferro Grades of ore of Balaghat & Dongri Buzurg mine have been reduced by 10% and the prices of Ferro grade of ore of all the Mines have been reduced by 5% on the previous quarter price. The existing prices of SMGR (30%) fines and chemical Grades of ore have been maintained. The price of SM grades (Mn 25%) & (Mn 20%) have been reduced by 5% on the previous quarter prices. The existing price of Electrolytic Manganese Dioxide (EMD), are reduced by 5%.
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.
