Manganese Ore India (MOIL) has increased the prices of each grade of manganese ore, except for Mn 25% grade, for the quarter October-December, 2013 by 5% over the prices for July-September, 2013 quarter. The prices of Mn 25% grade and EMD have been increased by 10%. The company has taken this step in line with its business practice of quarterly revising the prices of manganese ore.
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.
