MOIL has increased prices of various grades of manganese ore for January-March quarter effective from January 1, 2017. The prices have been increased by 10% on the existing prices prevailing since December 1, 2016 of all Ferro Grades of ore. The prices have been increased by 15% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices since December 1, 2016.
The prices have been increased by 15% on all grades of Fines on the prevailing prices since December 1, 2016, while the prices have been increased by 10% of all chemical grades ore on the prevailing prices since December 1, 2016. The prices have been increased by 5% of Electrolytic Manganese Dioxide (EMD) on the prevailing prices since December 1, 2016.
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).
