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Maddhapara
Granite Mining Company Limited
In order to extract and utilize natural
resources of Bangladesh, Maddhapara Hard rock Mining Project is taken up to
produce 1.65 million ton of hard rock per annum.
Maddhapara Granite Mining Company Limited has been
incorporated on 4th August 1998 with an Authorized Capital of Tk. 3500.00
million and on and Paid-up Capital of Tk. 1750.00 million. The Company is
aimed to operate Maddhyapara Hard rock Mining Project and other subsidiary
projects.
Maddhapara Hard rock Mining Project
Objective:
The Mine is designed to produce 1.65 million tons of Hard
rock per annum to meet the requirement of flood control, construction of
coastal and town protection embankment, construction and maintenance of
Bridge, Roads & High-ways, Embankment, River training, Rail way
ballast, High rise Building, Decoration tiles and other heavy duty
construction works.
Background
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Discovery:
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Geological Survey of Bangladesh discovered
hardrock/granite in 1974
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Mining Area
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l.2 Sq. km
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Depth of Deposit
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136 meter from the surface
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Feasibility Study (Technical)
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By M/S SNC of Canada in 1975
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Reserve
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Unlimited (174 million metric ton over area 1.2 Sq. km)
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Mode of Entry
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Vertical Shafts 2 Nos.
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Depth of Shaft
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Cage Shaft: 330 meter
Skip
Shaft : 380 meter
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Mine Development period
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10 years form the effective date of the
Contract
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Production
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Annually 1.65 million tons will be produced for 70 years.
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Market study
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By NIPPON K0EI of Japan in 1989-90
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Production Cost
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US$ 12.095 Per Ton
(As per
3rd Revised PP)
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Selling Price
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US$17.00 Per Ton(Boulder)
(Commercial
Product)
(As per
3rd Revised PP)
US$20.00
per Ton(Crushed Rock)
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Selling Price
During
development period
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US$ 10.00 Per Ton
(As per
ECNEC decision dated 15-08-2002)
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CONTACT for development of the mine
A Contract was
signed on 27-O3-I994 with
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Name
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Korea South-South Co-operation corporation (Num-Num), DPR of
Korea.
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Type of Contract
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Fixed Price & Turn-key Contract (under Suppliers
Credit)
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Contract Price
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Total US$ 158.844 million
F.C.US$
134.004 million
L.C.US$
24.844 million
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Original Contract Signed
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27-03-1994
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Original Contract Effective date
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08-06-1994
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Original Contract Expairy date
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31-12-2001
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Supplemental Contract Signed
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06-03-2003
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Supplemental Contract Effected date
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08-04-3003
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Completion date as per Original Contract
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6.5 years from the Contract effective date i.e.,30-06-2001
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Completion date as per Supplemantal Contract
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18 months from the Supplemental Contract effective date i.
e., 07-10-2004
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SOURCE OF FUND
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Foreign Currency
Total
: USS 340114 million
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Suppliers Credit from DPR
: US$ 120.604 million
Korea
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Advance Payment
(10%) : US$ 13.400
million
(Provided by GOB)
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Local Currency
Total
: US$ 24. 844 million
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Fixed
Price
: US$ 18.379 million
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Re-imbursable
: US$ 6.465 million
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CONSULTANT
A Contract was signed on 27-03-1994 to provide Consultancy
during the construction period of the mine works with
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Name
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KOPEX S.A.,
Poland.
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Contract Price
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Total US$ 2.315 million
F.C. US$
1.705 million
L.C.
US$ 0.610 million
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Contract Effective date
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10-01-1995 (For 6.5 years)
(Already
Expired)
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- The draft
Supplementary Contract for Supervisory Consultancy Services with M/S
Kopex S.A. Poland, for the Project extended period and gurantee
period (18+12)=30 months have already been initiated on 31-03-2003
which is now under approval process of GOB.
Benefit of the Project
After successful completion of this Project, it will be
possible to meet partial demand of stone in Bangladesh. By using Maddhapara
Hardrock in the local construction works, our country could save the
valuable foreign currency of about US $24.00 million per year.
The Project will make a significant contribution to improve
environment and ecological balance by replacing Bricks in construction
works. Presently Brick manufacturing not only causes damage to agricultural
land but also causes deforestation due to indiscriminate use of fire wood
in brick fields and other purposes. The Project will significantly reduce
the production of Bricks for construction purposes and will help to check
deforestation.
Maddhapara Granite Slab Project
Maddhapara Granite Slab Project has been initiated to
produce high quality of Slab-Tiles.
The quality of hard rock of Maddhapara Mine is very high.
The specifications of hard rock are mentioned below
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Loss on ignition
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1.58%
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Sio2
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56.64%
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R2O2 (R = Fe, Al
etc.,)
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30.79%
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CaO
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7.46%
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MgO
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2.17%
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SO3
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0.46%
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The compressive strength of the basement rock on test is
found to be 24,000 pounds/sq. Inch.
Preliminary feasibility study to prepare high quality of
Granite Slab Tiles are prepared by two foreign companies M/S NAMNAM of DPR
of Korea and M/S Kopex S.A. of Poland. On the basis of to
reports and recommendation of high powered delegation team of Bangladesh
(Government a PCP has already been prepared to take up Madhapara Granite
Slab Project in order to produce 200,000 sq. meter of Slab per annum.
- Source of
Fund: Tk.
849.80
million by GOB ( 1 US$
~Tk.60.00, 1 Million = 10 Lakh)
- Direct
Employment: 129 Nos.
- Indirect
Employment: 3000 Nos.
- Production
Capacity: 200,000 sq.m/year
- Selling
Prices :U. 250/sqft( on average)
- Yearly
Income: Tk. 538.30 million
- Size of
the slabs Products: 0.5' X 0.5'
2.0' X 1.0'
2.0' X 2.0'
2.0' X 3.0'
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