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MOIL revises prices of various grades of manganese ore

02 Jul 2019 Evaluate

MOIL has fixed/revised prices of different grades of Manganese Ore and other products, effective from July 01, 2019. The prices of Ferro Grade, Chemical Grade and Fines as fixed on June 1 would remain unchanged. The basic price of Electrolytic Manganese Di-oxide (EMD) as fixed on June 1 would remain unchanged.

The prices of Silico Manganese Grade (SMGR 30% & SMGR 25%) have been increased by about 5% on the prices prevailing since June 1, 2019. Ferro Manganese/Ferro Manganese Slag and some identified grades of Manganese Ore will continue to be sold by e-auction as well as through Metal Mandi (M3) of MSTC.

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).

Peers
Company Name CMP
Coal India 421.90
NMDC 80.35
Ashapura Minechem 514.00
Sandur Manganese 180.10
GMDC 544.20
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