Exploration Consortium Copmany

Considering the group’s activities focus in Mining industry and the requirement for stable raw material supply for active and under construction Firms, mining reservoirs exploration activities is a core target defined in our group’s strategic roadmap. Exploration Consortium was constituted with majority of shares held by AIDCO and relevant activities were started in 2019 following the Fin-Baghat auction.

Initially, an area of 6750 Square Kilometers was reviewed and finally, 5 areas totally around 155 Square Kilometers were identified as high potential for materialization of initial and subsequent exploration. Magnetite, Hematite, Malachite Gallena, Calcite, Dolomite, Halite etc. were the most important minerals explored in the area. Currently, issuance of necessary permits by relevant authorities is in processupon issuance of which exploration and exploitation activities will start.