Manganese Ore India (MOIL), country’s largest manganese miner, has increased prices of different grades of manganese ore in the range of 12.5% to 15% for the quarter July-September 2012 period. This hike is in line with the company’s business practice of quarterly revising the prices of manganese ore.
Recently, the company had received letters from Government of India, Ministry of Mines, informing, grant of prospecting license for 597.44 hectors land out of reserved area of 814.71 hectors, for the purpose of exploring, locating or proving ore reserve.
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.
