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 per cent of the total requirement of dioxide ore in the country. At present, the average annual production is around 1.3 million tonnes.
State-owned, Moil Ltd on Monday said that its December production stood at 141,321 tonnes, an increase of 18% from November. Sales at 1,64,235 tonnes for the month has also been spectacular, with a growth of around 91% over November, 2022, it added
The manganese ore market is starting to see the effects on supply that are the results of severe weather between December 2020 and February this year, sources have told Fastmarkets.