Listing Details : LB-11101

Asking Price 50 Crs
Turnover 10 Crs
Legal Entity Private Limited
Category Mining
Sub Category Minerals
Business Listed By Business Owner

Overview

Mine in Madhya Pradesh of size 6.607 Hectares of which 3.120 Hectares is mineralized with Manganese Ore (Major); Dolomite (Minor). Mine is operative since 2017 and lease period is upto 14h May 2057. From 2017 to 2022, ~29,483MT of Mn Ore and ~12,005MT of Dolomite has been extracted. Direct costs and Indirect Costs of mining amounts to ~72% & 27% of revenue earned respectively. The business has made profits with only 3 proper years of production in the last 5-6 years of mine being operative. Manganese Ore indicated mineral reserves of ~205,159 MT worth ~ 299.06 crores based on last 12 months average sales realization (ASR) of 14,577/MT. Dolomite indicated mineral reserves of ~136,090 MT worth ~2.04 crores based on an average sales realization (ASR) of 150/MT. Existing infrastructure and facilities with a current book value of ~3.15 crores.

Year of Establishment

2017

No. of Employees

50

Current Status of Business

Running Profitable

Business Relocatable

No

Property Type

Leased

Rental per Month

N.A

Describe Property

6.607 Hectares

Competition / Market

Competitive

Products & Services

Manganese Ore Mines

Growth Potential

Huge

Reason For Sale

Technical

Financial Details

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