Natural Resources

Earth is an abundant resource. The sheer richness of its natural resources puts it in an enviable position. At the same time this planet is marked with a growing population and instability in administration and governance. These factors do take a toll in the fruits one can bear from the right use of natural resources. It is required that these resources are used for the maximum benefit and are extracted at utmost viability. This requires both skill and guidance.

Success of a venture in natural resources depends primarily on research and analysis conducted on an asset both in and off field; once the asset is acquired it needs further support form geologists, geophysicists, metallurgist and other mining technical personals. This support is further continued to next level when the Mine goes into production. Apart from technical assistance an asset further needs financial infusion from time to time and a certain mechanism needs to be built to structure debt/equity financing to the project so that the mining activities continues and eventually establishes into a successful mining venture.

MINING

THE REQUIREMENT:

World trade in iron ore was 1.036 billion tonnes in year 2010. The world needs at least 100 million tonnes of additional iron ore supply each year to meet demand growth projections in steel making. At that rate, global iron ore production would almost double over the next 15 to 20 years. This staggering increase is demand is coming from markets like, China, India, Indonesia, Vietnam, Malaysia and countries in Africa and South America which are on path of industrialization and urbanisation. Emerging markets comprise 75 percent of global iron ore demand and 90 percent of that is Chinese demand. Talking about gold, total global demand for gold measured 919.8 metric tons, worth a near-record $44.5 billion, with broad-based support across all sectors and geographies. Standout markets were India and China, as these two markets accounted for 52 percent of total bar and coin investment and 55 percent of global jewellery demand. The impact of the European sovereign debt crisis, the downgrading of U.S. debt, inflationary pressures and the still-fragile outlook for economic growth in the West are all likely to drive high levels of investment in gold in foreseeable future.

THE PATH:

The current unprecedented levels of commodity demand and future global mineral requirement demands significant skills, expertise, investment and tenacity from the mining industry. The mining industry would need to mine, process and move more raw materials and minerals in the next 20 years than it has done in the past many centuries to keep pace with the global demand. Industry experts opine two things (i) companies that are agile and responsive would be best placed to meet this demand challenge (ii) Geographically African countries would be ideally placed to meet the growth in demand for natural resources as they are rich in mineral and the continent still remains under exploited .

THE COMITTMENT:

Enso Group fits the bill in both capacities as it has the capacity to bridge in the gap between the huge demand and limited supply with its expertise in handling and managing natural resources (a skill hard earned and diligently learned by our oil exploration and production business) and its strong presence in African continent. Subsequently Enso has strategically acquired seven mining concessions (two gold mines,four iron ore mines and one diamond mine) in the continent of Africa having a total acreage of 2011 km2. The iron ore concessions are situated in that area of Africa which is considered to have the second best reserve in world after the Pilbara region of Australia, having a iron content between 50 to 70 percent. The gold mines of the group are ideal for open pit mining and have a mining capacity of over 60,000 tonne ore production every day. Apart from this Africa needs investment to create opportunities for its people, Enso group takes its responsibility to play its part in African social upliftment by investing in the continent and developing better and prosperous Africa of future.

ENERGY

 

Energy security is one of the most important concerns facing nations today. India meets almost 75 percent of its oil requirement through imports. The country is on a high growth curve and relies heavily on oil to power its automobiles, factories and aircraft. In the geo-political scenario, it is important to have a dominant Indian player in the O&G industry. At the same time, O&G is a dynamic and highly lucrative industry which promises higher returns and high risk. Needless to say, securing fuel supply is critical to India’s growth.

The Enso Group is one of the leading Indian private sector groups to establish its presence in the upstream segment of the global oil industry. The Group’s Oil & Gas division is engaged in the exploration of crude oil and natural gas, and also to explore for, and develop, the conventional petroleum potential across the globe. 

As part of its global expansion strategy, Enso has formed strategic joint ventures with major players in the industry in various countries. The strategy is designed to enable it to become, in the short term, a significant and sustainable player in the global oil and gas industry.

The key components of the strategy are:

•Concentrate exploration efforts in low risk, highly prospective portion of the world\'s most prolific producing basins, where proximity to existing fields and infrastructure will ensure that any new discoveries can be rapidly developed

•Continuous re-evaluation of the strategic direction to better adapt to any large shifts in the global energy market, by taking into account the industry environment and other influencing factors, both internal and external, as well as the rapidly changing nature of the global petroleum industry.


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