India's MOIL eyes manganese ore assets in South Africa, Congo - report.

By bne IntelliNews May 23, 2011
India's MOIL is looking to buy manganese ore assets in South Africa, Congo, Turkey and West Asian countries, the Business Standard newspaper reported. MOIL has recently expressed interest in acquisitions and received six proposals, the company's chairman, K.J. Singh, was quoted as saying. According to the executive, the company is looking at reserves of about 100mn tons. At present, MOIL operates 10 mines, six located in the Nagpur and Bhandara districts of Maharashtra and four in the Balaghat district of Madhya Pradesh.
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