MOIL's Manganese Ore Output Grows 45% In April-Sept; Sales Up 48%

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Manganese ores. (Source: MOIL website)

State-owned manganese ore producer MOIL on Friday said it has recorded a 45% rise in its production at 8.15 lakh tonnes (LT) during April-September 2023.

It had produced 5.63 LT manganese ore during the corresponding six-month period of the previous year, the miner said in a statement.

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The production in September 2023 rose 48% to 1.35 LT from 0.91 LT in the same month last year.

The company's sales in April-September 2023 also rose to 7.57 LT, registering a year-on-year growth of 54% over 4.89 LT sales recorded in the same period of 2022.

Sales in September 2023 stood at 1.56 LT, up 60% from 0.97 LT in September 2022.

The production of electrolytic manganese dioxide (EMD) during April-September 2023 rose 26.28% to 692 tonnes over 548 tonnes in April-September 2022.

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"The exploratory core drilling increased over three times to 34,684 metres from 11,514.90 metres in April-September 2022,: the company said.

MOIL, under the Ministry of Steel, fulfils 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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