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A C ChoksiShare Brokers Private LimitedA C Choksi Institutional Research |Initiation Report|MINING MOILApril 26, 2011sOther MinesMunsar MineSitapatore and SukliThe Munsar mine is an underground mine located in theNagpur district of Maharashtra.The annual production (% share) were 65,415 MT (4.8%),62,635 MT (5.3%), 60,760 MT (5.6%) and 23,713 MT (4.6%)of manganese ore ( average grade of 32.0%) in FY08, FY09,FY10 and HY11 respectively. Increase in ROM productionfrom 30,000 tonnes to 60,000 tonnes is aimed at by incurringan expenditure of `252 mn on the sinking of vertical shaft byApril, 2014.Beldongri MineThe Beldongri mine is an underground mine located in theNagpur district of Maharashtra.The annual production (% share) were 51,239 MT (3.8%),46,220 MT (3.9%), 32,598 MT (3.0%) and 14,637 MT (2.8%)of manganese ore ( average grade of 30.0%) in FY08, FY09,FY10 and HY11 respectively.The Sitapatore and Sukli mines are open cast mines locatedin the Balaghat district of Madhya Pradesh. Mining activitieswere historically undertaken through six pits at Sitapatore andeight pits at Sukli. However, since both mines are locatedunder forest cover, no mining operations were conducted afterthe decision of the Ministry Of Environment and Forest datedJanuary 16, 2009. The Sukli mine was partially granted forestand environment clearance in February 3, 2009. A portion ofthe Sukli mine of approximately 26 hectares has not beengranted such clearance and production remains suspended as aresult of its location less than 250 meters from forest land.The annual production at Sitapatore (% share) were 1,760 MT(0.1%), 1,840 MT (0.2%), 3,065 MT (0.3%) and 5,080 MT(1.0%) of manganese ore( average grade of 30.0%) in FY08,FY09, FY10 and HY11 respectively.Source: RHP, A C Choksi Institutional Research_____________________________________________________________________________________A C Choksi Institutional Researchresearch@acchoksi.com 35