India’s Tata Steel Limited and A&B Global Mining Limited, South Africa, have signed a business collaboration agreement to deliver competitive integrated business solutions to the global mining industry, a Tata Steel statement said on Friday, April 28.
The mandate of the agreement encompasses the harnessing of new business development opportunities and delivery of mine technical services in areas such as exploration, resource evaluation, mine planning and scheduling, due diligence, investment thesis, digitalization, clean/hybrid energy solutions, doing pre-feasibility, bankable feasibility studies, engineering and project management, the statement said.
“We are in the mining business for more than a century with the Natural Resource Division of Tata Steel providing various exploration and mine planning services to its captive mines for sustainable mining. We started offering mine technical services commercially through Tata Steel Industrial Consulting to the mining industry outside Tata Steel along with our partners and this agreement will further complement our capabilities and capacities to raise the standards of such services in India in particular and internationally in general for more scientific and sustainable mine development,” Tata Steel vice president, raw materials, D. B. Sundara Raman said.
He stated that Tata Steel is one of the world’s most geographically diversified steel producers, providing fully integrated steel operations - from mining to the manufacturing and marketing of finished products. It brings deep knowledge and experience in the manufacturing and selling of steel, as well as mining of required raw materials for steel.