Archean Group’s mineral export unit, Core Minerals was established in 1986 to export iron ore, bauxite and other minerals to a growing world market. The company has been a pioneer in the export of iron ore to China and has seized every opportunity to grow its business far and wide.

The company is focused on mining, quarrying and exporting iron ore and has joint ventures with mine owners in the Indian states of Orissa, Jharkhand and Gujarat. Core Minerals has the requisite expertise in both manpower and technical skills for mining operations and this has stood us in good stead to execute large shipments to our overseas buyers. The company is targeting an export of 2 million metric tons of iron ore in the financial year of 2006-07.

Additionally, Core Minerals is also expanding its mineral business to include export of bauxite and has targeted an annual volume of one million metric tons. The company is currently mining in a twenty hectare area and has access to an additional 40 hectares. Presently, we are geared up to handle an annual production capacity of the order of 200,000 metric tons, which can be increased to meet customers’ requirements with proven reserves of over 2 million metric tons.

Furthermore, Core Minerals is also involved in coal mining and trading with exclusive access to coal producers in South Africa and Indonesia. The company plans to trade about 1 million metric tons in this first year and then scale it up to 2 million metric tons.