MINING & COAL
Minerals are valuable natural resources being finite and non-renewable. They constitute the vital raw materials for many basic industries and are a major resource for development. Management of mineral resources has, therefore, to be closely integrated with the overall strategy of development.
Anik aspires to foray in this sector in wake of the country’s changing stance towards more private participation and developing these resources optimally.
In our strategy of consolidation and diversification of business areas, we have sought to mineral deposits that have large tonnage, high grade, low operating cost, scalability and long life. Together with a dedicated and technically qualified team we are capable of transforming these resources into sustainable development projects.
Found in over 50 countries, coal is the most abundant fossil fuel in the world, besides being the most stable and secure for transport, storage and use.It is the most important fuel for power generation, accounting for about 40% of the sector in the world.
As part of Anik’s growth strategy, it has focused on coal opportunities in India as well as overseas, developing extensive coal trading program from coal rich countries in South-east Asia and Africa, importing 3.5 million MT of coal.
It is now in pursue of Green-Field projects and Joint Ventures for developing the coal bearing areas and also plans to invest in establishing downstream projects in India as well as overseas.
Manganese is the fourth most widely used metal after iron, aluminum and copper, finding its extensive use in the car and construction industry.
In view of the fast infrastructural growth in India and increasing demand for Manganese, Anik has found an opportunity and drawn its focus on Manganese in India where it has existing Mining Concessions in Madhya Pradesh and Maharashtra for Manganese Ore, in areas certified to hold significant reserves by Independent Competent Technical Experts.
In India the economy being predominantly based on agriculture, the fertilizer production plays a pivotal role.
Only about 35% to 40% of the requirement of raw material for phosphatic fertilizer production is being met through indigenous sources and the rest is met through import in the form of rock phosphate, phosphoric acid & direct fertilizers. With reserves of around 305 million MT, India is yet to find its true potential in this sector.
Anik with a wellendowed team of experts and professionals has taken initiative, over known bearing areas, to pursue and develop these reserves adding to their optimal utilization.