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This Article is From Nov 03, 2023

MOIL Ore Production Grows 45% To 9.26 Lakh Tonne In April-October

MOIL ore production grows 45 pc to 9.26 LT in Apr-Oct

MOIL Ore Production Grows 45% To 9.26 Lakh Tonne In April-October
Manganese ores. (Source: MOIL website)

State-owned MOIL on Friday posted a 45% rise in manganese ore production to 9.26 Lakh Tonne (LT) during the April-October period of 2023.

It had produced 6.38 LT manganese ore during the year-ago period, MOIL said in a statement.

In October, the production rose to 1.11 LT, registering a 48% year-on-year growth over 0.75 LT in October 2022.

The cumulative sales were 8.44 LT, up 57% from 5.37 LT in the first seven months of the previous fiscal.

During the period under review, the company conducted an exploratory core drilling to 41,837 metres, 2.7 times higher than 15,460 metres in the same period last year.

MOIL, under the Ministry of Steel, meets about 46% of the total requirement of dioxide ore in the country. At present, the average annual production is around 1.3 million tonnes.

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