Resurgere Mines & Minerals India, formerly Exfin Shipping (India) Ltd, was incorporated by Captain Ravi Dutta and family on March 24, 1987 under the Companies Act, 1956. The company is presently engaged in the business of extraction and processing of iron ore products ie lump ore and size ore, and is predominantly a manufacturer of calibrated lump ore (CLO) and iron ore fines. The company is also engaged into merchant export of iron ore fines to China.
At present, the company has run-of-mines contracts for two mines situated at Nuagaon and Maharajpur in state of Orissa.
In the year 2003, the management and ownership of the company was taken over from Captain Ravi Dutta by Subhash Sharma. After the change in management, initially the company was engaged in merchant export of iron ore products and international freight movement activities. Resurgere Mines and Minerals India Limited professes the following corporate objectives: “Providing quality products for domestic and foreign clients; securing generous returns for company shareholders; creating development opportunities for employees; and moving forward hand in hand with business partners”.
The company promotes corporate philosophies of “people-centeredness, good faith towards all, being relevant to the times, helping each other in survival and in the achievement of honor”. With these objectives and philosophies, Resurgere Mines and Minerals India has been able to run its business in a stable and healthy way, to be creative but yet realistic, to stick to its core business, and to pursue a balanced growth. In addition, it uses the best products and the best services to continuously meet the demands of domestic and foreign clients; to realize its full potential, and to repay society.
On October 17, 2007 the company acquired all the shares in WMPL which consequently became its wholly owned subsidiary. WMPL holds an interest of 60% in the partnership firm Shri Warana Minerals, which currently holds a mining lease with respect to bauxite mines situated at Yelwan Jugai in Maharashtra. The company proposes to venture into the business of bauxite mining and processing through Shri Warana Minerals, in the near future. To sum up, it can be definitely said that Resurgere is fully geared to move iron ore cargo to various overseas buyers. With a view to expanding its further capabilities, Resuregere has taken following steps:
The company is in the process of acquiring extraction rights over one additional mine in District West Singhbhum, Jharkhand. The company has also applied for 1 (one) ML & 2 (Two) PL lease in the name of Resurgere in Banda, Taluka Sawantwadi, District Sindhudurgh, Maharashtra.
The company has already catered to the requirement of a large number of buyers in China and have been approached to enter into long term contracts for supply of Iron Ore.
The company from the year 2002 till date has exported tons of iron ore fines to China from East Coast of India. The company with a view to expanding its activities has already finalised arrangements for export of iron ore from Vishakatpatnam
Subsidiary: WMPL is a wholly owned subsidiary of the Company.WMPL was incorporated on September 28, 2000. It became our subsidiary on October 17, 2007.The principal activity of WMPL is to carry on the business of prospecting, exploring, operating and otherwise working on mines and quarries.
The company is engaged in the business of :
The company is a member of CAPEXIL, FIEO and FIMI and is a recognized STAR TRADING HOUSE. The company has received ISO Certificate from the United Registrar of Systems Limited, UKAS