MOIL has fixed prices of various grades of manganese ore for the quarter April-June, 2016. This step has been taken in line with the company’s business practice of Quarterly revising the prices of manganese ore.
Accordingly, the price of all Ferro Grade ores has been increased by 50% on the previous quarter (January-March 2016) prices. The prices of all grades of SMGR (Mn 30%) is increased by 20% on the previous quarter (January-March 2016) prices while the prices of all grades of SMGR Low (Mn 25%) is increased by 15% on the previous quarter (January-March 2016) prices.
Besides, the prices of all grades of Fines has been increased by 10% on the previous quarter (January-March 2016) prices while the prices of all grades of Chemical grades ore is increased by 35% on the previous quarter (January-March 2016) prices. However, there is no change in the existing price of Electrolytic Manganese Dioxide (EMD).
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).
