Catalyst Corner wants to alert you to a new focus company:
India Globalization Capital, Inc. (NYSE MKT: IGC)
India Globalization Capital, Inc. (NYSE MKT: IGC) is based in Bethesda, Maryland and operates in the materials and infrastructure industry and supplies iron ore to India and China.
IGC acquired Ironman, a company with operations in Inner Mongolia. IGC now has three beneficiation plants and four mine sites with iron ore reserves totaling approximately $500 million based on current iron ore pricing of $125 per ton. Inner Mongolia has extensive coal and iron ore deposits, positioning the region to become a steel production center.
Beneficiation involves refining an ore, or separating the valuable material of an ore from the waste material. The beneficiation process enables improved quality of end-product and enhances the overall processing performance of an ore.
IGC recently opened the first of three beneficiation plants in Inner Mongolia on April 10, 2013. IGC’s beneficiation process uses magnets to separate iron ore from sand in a dry separation process. The materials are then washed with water to further purify the material until the extracted material is roughly 65-67% iron content.
IGC has a three pronged short term corporate strategy:
Supply high grade iron ore from beneficiation plants
Expand the supply chain for raw materials by shipping low grade ore from India to China
Actively consolidate additional mines in the Inner Mongolia region
A video describing IGC’s beneficiation process can be found at www.catalystcorner.com
Further information can be found on the IGC fact sheet or on the IGC website http://www.indiaglobalcap.com