MOIL begins Manganese Ore exports as India’s State Trading Enterprise; Ships first consignment to Indonesia

The Government of India has designated MOIL as a State Trading Enterprise (STE) for the export of manganese ore with a Mn grade of less than 46%.

New Delhi: India's leading manganese producer, MOIL, has created history by exporting 54,600 tons of manganese ore fines for the first time. This shipment was shipped from Visakhapatnam to Indonesia on 22 August.

Government of India appointed MOIL as STE

The Government of India has designated MOIL as a State Trading Enterprise (STE) for the export of manganese ore with a Mn grade of less than 46%. In the 2024-25 fiscal year, MOIL has developed a mechanism under which any export of manganese ore from India will be routed through MOIL. In this process, MOIL will provide goods to foreign buyers under back-to-back arrangements with domestic suppliers.

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Why Low Grade Manganese Ore Important?

Export of low grade manganese ore (Mn 25%) from the country assumes major significance as India has surplus Mn ore of low grade fines, in excess of domestic demand, and hence export of low grade ore enhances India’s global footprint and boosts foreign earning.

Message from CMD Ajit Kumar Saxena

Ajit Kumar Saxena, CMD, MOIL, congratulated the MOIL team for its first ever export consignment of manganese ore as a State Trading Enterprise and emphasized on efficient operations and well-informed strategies to facilitate international trade.

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This step will prove to be a milestone for India's manganese industry and will strengthen the country's economy.