SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Varun Industries finds heavy mineral deposits in Africa

06 Jul 2011 Evaluate

Varun Industries’s overseas subsidiary has discovered heavy mineral sand (HMS) at its mining blocks covering an area of 62.5 sq. km. at Belay and Anosy in Madagascar, Africa. HMS is an important source of zirconium, titanium, thorium, tungsten, rare earth elements, the industrial minerals diamond, sapphire, garnet, and occasionally precious metals or gemstones. The total heavy mineral resources in the blocks allotted to the company is estimated at about 266.8 million tonnes (mt), which includes 221 mt of ilmenite, 1.84 mt of rutile, 1.84 mt of leucoxene, 9.2 mt of monazite, 18.4 mt zircon, 9.2 mt of garnet, 2.76 mt sillimanite and 9.2 mt of spinel, said the company in a press release on Tuesday.

These elements are widely used in a range of hardware including precision-guided weapons, lasers, radar, hybrid car, magnets for electric vehicle motors wind turbines, compact fluorescent light bulbs, flat panel display, iPads and a number of equipments in medical diagnostics, treatment and pharmaceuticals, paints, pigments, ceramics and abrasives etc.

About 97 per cent of the world's rare earth metal is supplied by China while India contributes close to two per cent. China recently restricted exports of rare earth by reducing permits for production from 66,000 tonnes in 2004 to 30,000 tonnes in 2010.Moreover; China had closed down some of the plants that were processing these ores, besides declaring rare earth ores as strategic minerals. This has lead to over seven fold increase in rare earth ores since January 2009.

Varun Group owns 1,111 blocks (6,950 sq. km) for uranium mining (thorium and gold as by-product) and onshore and offshore blocks covering an area of 6,884 sq. km. and 13,299 sq. kmcrackcrack

Peers
Company Name CMP
Hindustan Unilever 2127.50
Godrej Consumer Prod 1059.55
Dabur India 424.75
Colgate Palmol. (I) 1915.65
P&G Hygiene 9821.25
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×