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MOIL gets environmental clearance for manganese Ore mine

10 Jun 2019 Evaluate

MOIL has got Environmental Clearance for manganese Ore mine in an area of 48.974 hectares for additional production capacity of 1,20,000 tonne per annum. This area is adjacent to Ukwa mine of the Company. Total reserve of this new lease area is estimated at 3.8 million tonne.

Mining operations will be carried out through underground mining method and necessary steps shall be taken to approach the ore body as early as possible. However, it is expected to touch ore body and production during 2020.  After the environmental clearance, total production capacity of Ukwa block will be 2,35,000 tonnes per annum.

MOIL is operating underground manganese ore mine at Ukwa in Balaghat District of Madhya Pradesh. Present capacity (EC limit) of this mine is 1,15,000 tonnes per annum.

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).

MOIL Share Price

324.50 -3.10 (-0.95%)
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Peers
Company Name CMP
Coal India 438.35
NMDC 89.53
GMDC 691.50
Sandur Manganese 217.65
MOIL 324.50
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