Team News Riveting
Raipur, June 25
MOIL has signed a tripartite Memorandum of Understanding (MoU) with the Government of Madhya Pradesh and Madhya Pradesh State Mining Corporation Limited (MPSMCL) to explore the possibilities of manganese ore mining in four districts of the State.
The district covered include Balaghat, Jabalpur, Jhabua and Chhindwara. In order to identify the manganese bearing areas, MOIL has carried out detailed remote sensing studies with the help of National Remote Sensing Centre (NRSC) ISRO, Hyderabad. Based on study carried out by NRSC, MOIL has further carried out extensive field work followed by geological mapping, sampling, their petrological and chemical analysis for delineation of manganese ore bearing areas in the site specified by NRSC and requested to Govt. of Madhya Pradesh for reservation of the area.
Accordingly, Government of Madhya Pradesh has reserved 850 square km and 487 square km areas in Balaghat and Chhindwara districts respectively, under Rule 67 (1) of the Mineral (Other than Atomic and Hydrocarbon Energy) Mineral Concession Rules, 2016 to carry out exploration work. This will enable MOIL take up exploration project in the reserved areas of Balaghat and Chhindwara districts.
Applications for other two districts, i.e., Jabalpur and Jabua, are in process. After completion of the exploration work and its analysis, a Techno Economic Feasibility Report (TEFR) will be prepared. Based on the TEFR and ascertaining viability, a Joint Venture Company, will be formed between MOIL and MPSMCL with shareholding of 51 per cent for MOIL and 49 per cent for MPSMCL.
MOIL Limited is a Schedule-A, Miniratna Category-I CPSE under the administrative control of Ministry of Steel, Government of India. MOIL is the largest producer of manganese ore in the country and operates eleven mines in the State of Maharashtra and Madhya Pradesh. MOIL holds 34 per cent of manganese ore reserves of the country and is contributing 45 per cent of the domestic production. The company has ambitious vision of increasing its production to 25 lakh MTPA by FY 2025-26 and 30 lakh MTPA by 2030.
