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MOIL Sees 7% Rise In Production In April-May
MOIL reports a 7% rise in manganese ore production to 3.05 lakh tonne during April-May 2024.
![<div class="paragraphs"><p>Manganese ore. (Source: MOIL website)</p></div>](https://media.assettype.com/bloombergquint%2F2022-08%2Fd64c0bb2-26b2-46fa-a02a-1be3d4d157ec%2FManganese_ores___Source_MOIL_Ltd__website_.png?rect=70%2C0%2C610%2C343&auto=format%2Ccompress&w=200)
Manganese ore. (Source: MOIL website)
State-owned MOIL on Monday posted a 7% rise in manganese ore production to 3.05 lakh tonne during April-May 2024. It had produced 2.84 LT manganese ore during the year-ago period, MOIL said in a statement.
The cumulative sale was 3.3 LT, up 32% over 2.5 LT in the year-ago period.
During April-May 2024, the company conducted an exploratory core drilling of 18,609 metres, 26% higher than 14,770 metres a year earlier.
MOIL, under the Ministry of Steel, meets about 46% of the dioxide ore requirement in the country. At present, the average annual production of manganese ore is around 1.3 million tonne.
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