OTHER INITIATIVES

The Group undertakes its various exploration & mining activities in India through its company Atha Mines Pvt. Ltd which began operations in 2009. It is primary engaged is trading of iron ore, coal, coke and other minerals.

The company has signed a MoU with Trade & Investment Facilitation Corporation (TRIFAC) in Madhya Pradesh for strategic investment towards installing a 1.20 MTPA iron ore beneficiation and pelletization plant.

The company has also signed a MoU with the Government of Gujarat in 2011 for strategic alliance with Gujarat Mineral and Development Corporation (GMDC) in both domestic as well as overseas projects in Iron ore, Coal and other minerals.

The Group also has a Prospecting License in iron ore in Madhya Pradesh where exploration is ongoing and has applied for a number of Prospecting Licenses as well as Mining Licenses for iron ore in various mineral rich states.

Through its various overseas subsidaries, the Group is engaged with various prospects at various stages of development:

 

Iron Ore / Manganese / AsbestosThabazimbi, Limpopo
PhosphateVhemebe, Limpopo
LimestoneKimberly, Northern Cape
CoalKwaZulu Natal, Swaziland
Iron Ore & ManganeseKwaZulu Natal
Iron OreNamibia

 

The Company is strategically positioned to take up Mine Development and Operation (MDO) mining contracts by forming a JV to explore opportunities in India or South East Asia.

It is poised to setup a coal desk for the efficient marketing and distribution of imported coal to the Indian corporations as well as cater to the increasing demand of coal in the entire subcontinent.