MOIL Limited, India’s largest manganese ore producer, has achieved great gains in its operations, reaching a landmark in July 2023 with its best-ever performance since foundation. The month’s outstanding production and sales results have cemented the company’s status as a leading player in the manganese industry.
MOIL produced a phenomenal 1.20 lakh tonnes of manganese ore in July 2023, a 71% increase over the same time previous year. This achievement is significant because it demonstrates MOIL’s dedication to consistently improve its production capacities in order to meet the increasing demand for manganese ore in diverse sectors.
Furthermore, MOIL’s sales performance in July 2023 was as spectacular, with the business registering its highest-ever sales of 0.94 lakh tonnes, representing a phenomenal 69% increase over the same period previous year. This increase in sales demonstrates the strong demand for manganese ore in both the domestic and foreign markets, solidifying MOIL’s status as a trusted supplier.
What exactly is manganese ore?
Manganese is a critical raw ingredient in the smelting of iron ore and the manufacture of ferroalloys. Manganese deposits can be discovered in almost any geological formation. It is, however, most closely related to the Dharwar system. Odisha is the country’s biggest manganese producer, with major mines centred in the central iron ore belt, notably in Bonai, Kendujhar, Sundergarh, Gangpur, Koraput, Kalahandi, and Bolangir.
Manganese is a metal ferroalloy. It is a tough, heavy silvery metal. It is mined as ores and nodules on the deep bottom. Manganese ores are classified into two types: Pyrolusite and Psilomelane.
