IRON ORE
Jharkhand-Odisha: 356 Acres Virgin Iron Ore Mines @ Rs.250 Crore
Here is an excellent opportunity to acquire / take over an unlisted public limited company along with a mining lease of an Iron Ore Mine in their name. This is a virgin mine of Iron ore and manganese on Jharkhand Odisha border very close to Gua Mines of SAIL (Koira- Noamundi Basin). Mining Plan, EC, MOEF and other Governmental formalities are yet to be done for this mine for which the promoters will assist, the buyer in obtaining these and all other required approvals including extension of period of Mining lease from Jharkhand Government if required. Details of the Mine as below:
1) Area: 356 acres
2) Grade of Iron Ore: 62-64 %
3) Grade of Manganese Ore: 30-35 %
4) Proven Reserve of Iron Ore: Over 6 Million Tons
5) Estimated Minable Reserve: Over 9 Million Tons
6) Paid up capital of Co.: Rs. 5 Cr
7) Status of ROC & IT Returns: Upto date till March 2024
The Buyer must have captive plant or should have JV agreement with some other manufacturer for taking over this mine.
Expectation: EOI/000 Crore
GOA: 2000 acres Iron Ore mines approx 240.37 million tonnes deposit of grade of 58′ to 67′
Thickness of Iron Ore deposit 55 mt/ 60 mt
50 acres fully Manganese Ore deposits
Note: IBM original Report-2023 is available. All permissions Buyer side’s
Madhya Pradesh (MP): 62.58 Hectares (~165 Acres) running mining lease of Manganese Ore Mine of Grade 42% to 48% & Above (As Per IBM Report) in Balaghat Dist., Madhya Pradesh (MP)
Grade as Per IBM Report: 42% to 48% & Above
Lease Area: 62.58 Hectors (~165 Acers)
Lease Period: till 10/6/2057 (50 years)
Mine Lease to a Pvt Ltd Firm
Non Forest A- Categories
Running mine’s with all paper work clear
Expectation: EOI/Rs.00 cr (Negotiable)