MOIL signs draft JV agreement with MP State Mining Corporation for manganese mining
On 19 October 2024, in Bhopal, MOIL signed a draft joint venture agreement with Madhya Pradesh State Mining Corporation Limited (MPSMCL) at MP Mining Conclave'24 to advance manganese ore mining and value addition in Madhya Pradesh.
Summary
On 19 October 2024, in Bhopal, MOIL entered into a draft joint venture agreement with Madhya Pradesh State Mining Corporation Limited (MPSMCL) at MP Mining Conclave'24, in the presence of Chief Minister Dr Mohan Yadav. The collaboration aims to advance manganese ore mining and undertake value-addition projects in Madhya Pradesh. The JV company will have a shareholding of 51% for MOIL and 49% for MPSMCL.
Key facts
- Date
- 19 Oct 2024
- Place
- MP Mining Conclave'24, Bhopal
- Parties
- MOIL and MPSMCL
- Purpose
- Manganese ore mining and value addition in MP
- Shareholding
- MOIL 51% : MPSMCL 49%
- Present
- CM Dr Mohan Yadav
Practice MCQs 2 questions
In the draft JV agreement signed on 19 October 2024 between MOIL and MP State Mining Corporation, what is the shareholding pattern?
Show answer
Correct answer: D — MOIL 51% : MPSMCL 49%
PIB, 19 Oct 2024: the JV company will have a shareholding of 51% of MOIL and 49% of MPSMCL.
At which event was the MOIL-MPSMCL draft JV agreement for manganese mining signed on 19 October 2024?
Show answer
Correct answer: C — MP Mining Conclave'24, Bhopal
PIB, 19 Oct 2024: MOIL entered into a draft JV agreement with MPSMCL at MP Mining Conclave'24 in Bhopal.