Aryan Mining & Trading Corporation

Aryan Mining and Trading Corporation (AMTC) is an operating mine in which Stemcor has a 50% stake. Located at Koira in the state of Orissa, India, the mine uses traditional drill and blast mining techniques to liberate high grade ore which is further worked through screening and crushing operations to produce calibrated lump ore and fines.

Calibrated lump ore is used extensively for sponge iron and pig iron production within the region and is regarded as a premium product in India. Crushed fines are sold locally or exported, while lower grade fines are stockpiled for future processing at Stemcor’s Brahmani River Pellets plant or sold for blending and export.

Stemcor is undertaking an exploration programme at AMTC to establish the size and nature of the iron ore body. Initial geophysical results, backed up by core drilling data, suggest that the total ore resource is around 150 million metric tonnes, more than four times the amount currently measured.  In addition, there is estimated to be over 2 million tonnes of manganese ore.

Stemcor also has a 10% equity stake in Mideast Integrated Steel (MISL). At Roida, Orissa, MISL has an iron ore mine with current output of 4 million metric tonnes a year. The high grade fines are sold mainly to the Chinese market with the help of Stemcor’s offices in the Far East. Medium grade lump ore is consumed by regional sponge iron producers in India, while low grade fines are stockpiled for future conversion to pellets at Stemcor’s neighbouring Brahmani River Pellets beneficiation plant.