Manganese Ore India (MOIL), the country’s largest and government owned manganese ore producer with an annual production of 11.5 lakh MT, has rationalized Manganese Ore prices based on the Manganese content.
With increase in demand for Manganese ore in India, MOIL also decided to revise its prices. Scarcity of Manganese ore in domestic market being another reason coupled with supply constraint from South Africa due to the onset of winter there.
The prices of various grades of Manganese Ore have been revised, the average increase being 4.6% on an weighted average basis, over the prices prevailing during Jun’17.
The price of Manganese Ore from MOIL’s Balaghat mines is more than other mines by 10% on account of the low Phosphorus content in the Ore. Similarly, Manganese Ore from Dongri mines is priced higher by 10%, as the Ore is rich Pyrolusite (used mostly by the Chemical Industries).
MOIL is offering reimbursement of railway freight for outside state buyers, in order to increase participation from states like West Bengal and Andhra Pradesh, which mostly rely on imported manganese ore.
| Domestic and Imported Manganese Ore Prices | |
| Grade | INR/MT |
| MOIL Mn 37.5%, Fe 7% | 12,560 |
| MOIL Mn 44%, Fe 6% | 15,840 |
| Lumps, Mn 38%, South Africa | 12,844 |
| Lumps, Mn 44%, Fe 5%, Gabon | 17,017 |
| Lumps, Mn 46%, Fe 5%, Australia | 18,239 |
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