09
Apr
18:31
Indian manganese ore producer reports record sales
India’s MOIL reported a 15% on-year growth in manganese ore core production – excluding fines – in the fiscal year through March 2019 to 1.3 million tonnes. This was the highest output in ten years. Non-fines sales also reached a record 1.1mt, up 13%.
Revenue reached a record INR 1,440 crores ($207.9 million), up 9%.
State-owned MOIL possesses 34% of India’s manganese ore reserves and is contributing 50% of domestic production, In…
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