TRIMEX Industries (TRIMEX) today announced that it will commence ilmenite mining operations in the next
two months in the Srikurmam district, spanning an area 7.
2 sq km of land area.
Srikurmam district lies in
the northeast of Andhra Pradesh.
TRIMEX is...
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TRIMEX Industries (TRIMEX) today announced that it will commence ilmenite mining operations in the next
two months in the Srikurmam district, spanning an area 7.
2 sq km of land area.
Srikurmam district lies in
the northeast of Andhra Pradesh.
TRIMEX is the first Indian company to obtain a mining lease from the State Government of Andhra
Pradesh.
Since 2005, TRIMEX has focused on obtaining necessary environmental clearances.
The area
has proven reserves of 5.
5 million tonnes of ilmenite.
About 50 per cent of the land area specified in the
mining lease is owned by the government.
TRIMEX will be executing mining operations and related
projects through its wholly owned subsidiary, TRIMEX Sands Pvt.
Ltd.
(numbers are reported in accordance
to the Australian Joint Ore Reserves Committee).
The current capital expenditure stands at 250 crores and is expected to climb to 2,250 crores in five years.
TRIMEX will hold the mining lease for a period of 30 years from the date of the lease
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