Manganese Ore India Ltd (MOIL) generally fixes its prices on the quarterly basis. But, the constant fluctuation in global manganese ore prices was forcing MOIL to revise offer prices month-after-month. However, in Sep’17 MOIL has not gone for a revision of prices resembling the action of the previous month, in which it also decided against revision of prices.
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 | 13376 |
| Lumps, Mn 44%, Fe 5%, Gabon | 17600 |
| Lumps, Mn 46%, Fe 5%, Australia | 19430 |
Leave a Reply