A HUMBLE BEGINNING

H. L. Nathurmal, a trading firm, was established by Late Shri Nathurmal in 1919 with multifarious trading activity in various commodities. In the year 1958 his son Late Shri Lekhraj Nathurmal acquired mines at Arvalem village in the Sanquelim (Bicholim) Taluka.

ENRICH WITH ORE

The mines have rich deposits of both Iron Ore & Manganese Ore.

INTERNATIONAL DESTINATION & DOMESTIC POTENTIALS

Till the emergence of China as major market for our Ore, the Goan Exporters were depending on Japan. A few exporters were the key players and all other mine owners were supplying ore to them. H. L. Nathurmal was one of such suppliers of Ore to these exporters. In the year 1984, after the demise of Mr. Lekhraj Nathurmal, his only son Shri. Haresh L. Melwani became the sole heir to the mines. An engineering graduate, Mr. Haresh L. Melwani took over the reins of the business and started exploring the Chinese market for the Indian Ore.

ASSOCIATES & ACHIEVEMENTS

Our association with M/s. Doddanavar Brothers from Belgaum, Karnataka, a large mine owner, proved to be a perfect recipe for a long journey towards an emerging Chinese market. Started with right earnest in January 2004 with the first shipment to China, in 16 months a record performance of One Million Tonnes of Iron Ore export to China has been achieved.

MINES, MINING AREA & ORE DEPOSITS

Over the years H. L. Nathurmal has acquired new mines. Now, in addition to 85.85 Ha of mining area at Arvalem, we have 40 Ha at Vantem and 2.33 Ha at Khanapur. The Arvalem mines have deposits of Iron Ore and Manganese Ore, while the mines at Vantem and Khanapur have Iron Ore and Manganese Ore respectively. The estimated Ore reserve at these mining areas are as follows:

MINING MACHINERY & MAN POWER

With a aim to enter export market independently, we have acquired the following mining machinery over the years, the recent one being Hitachi ZX 200 LC Hydraulic Loader.

The entire mining operations are overseen by Mr. Ramesh Dabrai with his team of Mining Managers, Mr. Mayee and Mr. Sudhir Kumar; and Mr. Francis Fernandes, the Mining Engineer, along with 7 mining staff. The mines also has in its employ as Workshop maintainance Supervisor, Mr. Rafiq Ladji, alongwith 8 operators with equal number of helpers, 2 mechanics, 3 drivers, 11 supervisors, 11 loaders, 28 miners and 22 Security Staff.

Production

With the present fleet of machinery we produce on an average of 2000 m/tones of processed ore per day or say 50,000 m/tones per month. Our present production is sufficient to load one Panamax Vessel per month. The available ore at our mines is of Fe 56 to 59 grade or average Fe of 58 grade. Besides we will be buying from other mines owners of high grade for blending to make it acceptable to Chinese buyers. Since there are large numbers of small mine owners who cannot export directly and who can supply us quantities required for loading another Panamax Vessel. We may load 2 vessels a month in the near future.

River Side Plots for Storage and Barge Loading

We have arrangements for storage and barge loading at Digashi, Vagus, and Maina. Our agreements with owners, Salgoankars & Timblos are on long-term basis and we are examining possibilities of purchasing our own Riverside Plot shortly.

Barges

We have chartered on long-term basis 7 Nos. of barges having tonnage of over 9,000 M/Tones.

Mines Operation

Each mine complies with various statutory obligations of the regulatory authorities and the Mining Schemes are approved by the Indian Bureau of Mines, which is the statutory body for approving the same. The mining operation is also ISO 9001:2000 certified by a prominent certifying agency.

Philippines Ambassador visits our Mines

On our invitation the Ambassador of Philippines to India Ms. Laura Del Rosario visited Goa on 8th & 9th May, 2005. During her stay she had interaction with members of the Goa Chamber of Commerce & Industry on matters of mutual interest. She also visited our mines at Arvalem. A grand reception was also arranged in her honour at Hotel Riviera which was attended by prominent Industrialists & Miners of Goa.

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Our Clients

Being in consortium for over a year we have built rapport with Chinese Steel Mills as well as reputed trading Companies. The following are some of the buyers of ores from our mines:

• Sinochem
• Aparant Iron and Steel Pvt. Ltd.
• Doddanavar Brothers, Belgaum, Karnataka - India