METAL AND MINING SECTOR

INDUSTRY OVERVIEW

The mining industry is one of the core sectors of India that provides basic raw materials to many other important industries. 

The country produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals (including building and other minerals). 

100 per cent FDI in mining in India is allowed under automatic route. 100 per cent FDI in the mining sector in India is allowed in Coal and Lignite under automatic route.

ABOUT THE COMPANY

The company was an experienced player in the mining sector before running into trouble due to its environmental liabilities. They now aim to clean up their former operations to maximize asset recovery and are pushing for modernised and environmental friendly practices. 

SPECIFICATIONS

• Hiring a team of experts to execute Environmental, Health and Safety (EHS) and Social due diligence.
• Recovery of valuable metal materials from the site including copper, gold, silver.
• To Demonstrate safe and appropriate work methods.
• Putting a system in place with emphasis on safe performance, financial stability, local participation and quality work product.
• Site visits to gauge the practical application of programme standards and requirements.

OUR INVOLVEMENT

The company approached us with a detailed and clear objective, outlining all strengths and liabilities. They were hoping for foreign investments that would help them pursue goals. 

As is first with every project we accept, we thoroughly researched the plan to deduce the foreign direct investment availability. We mapped the entry routes and any complications the project may face in the future. The challenge for us was to guide the entire project through the lengthy process of foreign direct investment without incurring major difficulties.

We connected the company with interested foreign investors, and hereafter, the project commenced.

CURRENT SCENARIO

• Interviews with experts have been concluded. 
• The new team is forming a new methodology to enable smooth and successful implementation of the programme's policies and governance.
• The project is in its development stages and is expected to conclude maximum by the start of next year due to the uncertainty of the COVID-19 pandemic.