Nonferrous Metal Mining Business Investment Opportunity in Nagpur, India

- Business was engaged in the mining of manganese ore with a lease of land covering 17.5 hectares for 8 more years, which is potentially renewable for an additional 30 years.
- Company had a production capacity of over 2,000 tons monthly and a work order permit of 21,000 tons annually, with the potential for expansion as per Environmental Clearance (EC).
- With a diverse client base of 25+ trading companies and furnace owners producing ferroalloys for steel industries, the business had a significant market presence.
- Per ton sale price was roughly INR 6,500 to INR 10,000 depending on the grade of the ore and the business received advance orders monthly.
- Manganese ore offered by the business comes in various grades, including low grade (25-30% Mn), medium grade (30-35% Mn), and high grade (35-45% Mn), catering to different client requirements.
- Business has a strong asset base for mining operations, including tippers, excavators, drilling machines, and other machinery available on a contractual basis.
- Mining area has established mineral reserves of over 2 lakh tonnes, as per the mining plan.
- Current status of mines is non-operational due to mining plan renewal and can be completely operational within 6 months of fund infused. The business first started operations 10 years ago and halted operations 2 years ago.
- When we operated we had annual sales of INR 10 crore and our monthly sales were INR 1 crore with a 35% operating profit percentage.
- The owners of the business have more than 25 years of experience in the mining industry, bringing valuable expertise to the operation.
- Company is registered with a work permit and is in the process of acquiring the environmental clearance.