In an interview to CNBC-TV18, K Raman, Director Finance at Sandur Manganese spoke about the latest happenings in the company and gave his outlook for the future.
Prospecting is a largescale effort undertaken by explorers to find viable mineral reserves. Nazim Sheikh, Joint Managing Director of Sandur Manganese, said that there is lack of clarity process of appointing a company for prospecting of reserves before the auctions.
Sandur Manganese is looking to scale up the iron ore capacity to 3.5 mtpa in two to three years, says Nazim Sheikh, Joint Managing Director of the company.
The company's mining lease expired on December 31, 2013. However, the mangement is hopeful of getting a temperory extension.