Monday 6 January 2014

MOIL increases prices of Ferro grade Manganese Ore by 3% for January-March, 2014

Manganese Ore India (MOIL) has fixed price of various grades of manganese ore for the quarter January-March, 2014. The price of the Ferro grade Manganese Ore has been increased by 3% and price of SMAGR & Fines have been increased by 7.5% over the prices for October-December 2013.

Besides, the prices of Electrolytic Manganese Dioxide (EMD) have been increased by 5% over the prices for October- December 2013. 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.

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