Nava Bharat Ventures Limited

Mining

The Company is carrying out, through its step down subsidiary Maamba Collieries Limited (MCL), coal mining at Maamba in Zambia. Exploration activities in other locations are under way for coal and other minerals as well.

MCL is the largest coal mining company in Zambia. It has total estimated reserves of 140 million tonnes comprising high grade and thermal grade coal, spread over 1070 hectares out of a total concession area of 7900 hectares at Maamba, in Sinazongwe district of Southern Province.

MCL is presently establishing a mine mouth 300MW coal fired power plant in Phase-I. The estimated capital outlay of the integrated coal mining and power generation project is US$ 843 Million.