MOIL fixes prices for various grades of manganese ore

MOIL has revised prices of various grades of manganese ore for the quarter October- December, 2015 with effect from 02 November 2015. Accordingly, prices of all Ferro Grades of ore (with Mn 45% and above) - reduced by 15%, prices of all Ferro Grades of ore (with Mn 42% to 44.99%) - reduced by 12.5%, prices of all Ferro Grades of ore (Mn below 41.99%) - reduced by 15% and prices of all grades of SMGR (Mn 30%) - are reduced by 5%.

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).