MOIL has increased prices of various grades of manganese ore for October-December quarter effective from December 01, 2016. The prices have been increased by 30% on the existing prices prevailing since November 01, 2016 of all Ferro Grades of ore. The prices have been increased by 25% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices since November 01, 2016.
The prices have been increased by 25% on all grades of Fines on the prevailing prices since November 01, 2016, while the prices have been increased by 10% of all chemical grades ore on the prevailing prices since November 01, 2016. 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).
