Manganese Ore India Ltd (MOIL) generally fixes its prices on quarterly basis. But, the constant fluctuation in global manganese ore prices was forcing MOIL to revise offer prices month-after-month. However, in Aug’17 MOIL has not gone for a revision of prices after earlier releasing its quarterly prices for Q2 (Jul-Sep).
MOIL is the single largest producer of manganese ore in the country with an annual production of 1.1 MnT.
State-run MOIL is set to enhance production of manganese ore up to 2.5 million tonnes by FY21.
MOIL operates about 10 mines – six in Maharashtra and four in Madhya Pradesh.
| Domestic and Imported Manganese Ore Price | |
| Grade | INR/MT |
| MOIL Mn 37.5%, Fe 7% | 12560 |
| MOIL Mn 44%, Fe 6% | 15840 |
| Lumps, Mn 38%, South Africa | 13358 |
| Lumps, Mn 44%, Fe 5%, Gabon | 17738 |
| Lumps, Mn 46%, Fe 5%, Australia | 19286 |
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