Manganese Ore India (MOIL), country’s largest manganese miner has shown interest in picking up a participating interest in Maravilloso Mines in Peru owned by Melrose Mines and Minerals.
Melrose is a diversified mining firm having operating and developing iron ore and manganese mines with reserves of over 400 million tonnes and 30 million tonnes, respectively.
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.
