MoneyWorks4Me

Gujarat Toolroom acquires 6 hectares of mines in Zambia

02 Jan 2024 Evaluate

Gujarat Toolroom (GTL) has acquired 6 hectares of mines in Zambia, marking a significant stride in its pursuit of sustainable growth. These newly acquired mines boast a rich reservoir of valuable resources, including copper, cobalt, gold, nickel, manganese, emeralds, beryllium, various gemstones, sulphur, zine, coal, iron ore, steel, limestone, uranium, and other platinum-group metals. The strategic location and resource abundance of these mines position GTL for substantial success in the mining sector.

GTL envisions each hectare of these mines, equipped with state-of-the-art Japanese technology, yielding an estimated annual revenue ranging from 15 to 20 million dollars. With a cumulative expanse of 6 hectares, the company confidently anticipates a minimum annual revenue of Rs 700 crore upon the operational commencement of these mines in the upcoming quarter.

Gujarat Toolroom specializes in building high production multi-cavity moulds. The company offers a complete moulding solution to its customers. They can conduct trials and pilot runs of moulds develoiped by them. They have a range of CNC moulding machines and supply finished plastic moulded precision parts at very competitive rates. 

Peers