MOIL has increased prices of various grades of manganese ore for October-December quarter effective from November 01, 2016. The price have been increased by 30% on the existing prices of all Ferro Grades of ore, while prices have been increased by 25% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices.
Besides, the prices have been increased by 25% on all grades of Fines and by 25% of all chemical grades ore on the prevailing prices. However, the existing price of Electrolytic Manganese Dioxide (EMD) has remained unchanged.
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).
