India’s state-owned MOIL declared on Thursday that it has begun supplying manganese ore fines to Indonesia, marking the company’s entry into the export market.
MOIL has commenced exports of low-grade manganese ore, dispatching its first shipment of 54,600 tons to Indonesia from the Visakhapatnam port on 22 August. The government has designated MOIL as the State Trading Enterprise (STE) for exports of manganese ore containing less than 46% manganese. Under this policy, all such exports must be routed exclusively through MOIL, reinforcing the company’s role in mineral trade and resource monetization.
“It’s our first ever export consignment of manganese ore as a State Trading Enterprise,” said MOIL CMD Ajit Kumar Saxena.
MOIL, operating under the Ministry of Steel, is India’s leading producer of manganese ore, managing 10 mines across Maharashtra and Madhya Pradesh. For FY 2024–25, the company has established an export framework in collaboration with domestic suppliers through a back-to-back arrangement for overseas shipments.
The manganese ore containing around 25% manganese exceeds domestic demand and presents an opportunity to generate revenue from international markets.
MOIL, formerly known as Manganese Ore India Limited, was founded in 1962 and is headquartered in Nagpur. It currently accounts for nearly 50% of the nation’s total manganese ore production.
The company offers a range of manganese ore grades, including high-grade for producing ferro-manganese, medium-grade for silico-manganese, blast-furnace grade for hot metal applications, and manganese dioxide used in batteries and fertilizers.
Additionally, MOIL is also venturing into lithium and other critical minerals to diversify its portfolio in the future. Additionally, the company is also venturing into lithium and other critical minerals to diversify its operations.
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