MOIL has revised prices of different grades of Manganese Ore for Q1 2017-18 (April-June, 2017) effective from June 1, 2017. The prices have been increased by 10% on the existing prices prevailing since May 01, 2017 of all Ferro Grades of ore.
The prices have been increased by 10% on all grades of SMGR (Mn 30%) and SMGR Low (Mn 25%) on the prevailing prices, while the prices have been increased by 10% on all grades of Fines on the prevailing prices since May 01, 2017. The prices have been increased by 10% of all chemical grades ore on the prevailing prices, while there is no change in the price of Electrolytic Manganese Dioxide (EMD).
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).