Mining Operations

Monnet Group has formed various joint ventures with respective state governments to exploit mineral wealth and add value for growth of state.

• Monnet has been awarded various coal blocks as follows:
• Open Cast mining at Utkal B2 Block in Orissa involving investment of 10.7 million US
• Open Cast coal mine at Mandakini at Orissa as JV with Tata Power company limited & Jindal Photo Limited involving investments of $53.5 million.
• Open Cast coal mine in JV with MP State Mining Corporation at Morga-3, involving investment of $20.6 million
• Open Cast coal mine at Saria-koyatan block in JV with Bihar State Mining Corporation, involving investment of $25.8 million

Monnet Group is also setting up a Coal Washery at Talcher in Orissa, involving investments of $9.6 million USD.

Mining-Overseas:

Monnet  Group has stepped out of the borders of Indian Territory to chart out global growth path & acquired two coal assets in Indonesia. The target for 2009-10 is to produce and market 1.0 million MT of coal from this venture which would be scaled up to 5.0 million MTPA by 2010-11.

Monnet Ispat & Energy Limited, is the first private company to go in for underground coal mining in the country. The sub-blocks have a proven reserves of 86 million tonnes of quality coal. Out of the total coal block under control of the company presently, 65% reserve is of A,B and C grade coal and 35 % is D,E and F grade coal. The coal mined is used for captive consumption by the sponge iron unit and power generating units.

The Milupara mine is the largest underground mine in the country currently producing 0.5 million MTA of ROM.