Parsoda mine to commence production by April-end

MOIL has said production at its Parsoda manganese mine is expected to begin by the end of April 2019.

In a filing to the BSE, the state-run company said the mine will be operated by opencast mining method.

It added: “MOIL has been granted mining lease of Parsoda manganese mine near village Parsoda, 46 kms from Nagpur in the year 2016.

The lease extends… for 50 years period i.e. from April 22,2016 to April 21, 2066 and the project cost is estimated to be Rs 19.54 crore. The production is expected to be started by end of March/April, 2019.”

Under the Ministry of Steel, MOIL operates around 10 mines, including six in Maharashtra and four in Madhya Pradesh. Balaghat mine is its largest, which produces top quality manganese ore.

Image credit : pbs.twimg.com

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