Sociedade de Fomento Industrial Ltd.as we are formally known, has emerged internationally as a highly reputed mining, ore benefication and allied technology development company poised to export over two million tons per year of super grade iron ore and concentrates. Over the last three decades, we have established prized associations as accredited suppliers to major Japanese Steel mills. Nippon Steel Corporation and Sumitomo Metal Industries, giants in the world of steel, have expressed their full confidence in our quality and customer loyalty.   Sumito Metal Industries rewarded us through an 'Evergreen Convenant' - ie suppliers in perpetuity.We have tapped the emerging Chinese steel industry and we are now set to make forays into the other up-and-coming steel industries in Asia and beyond.

Fomento presently operates five iron ore mines in Goa and two mines in Karnataka. Besides, it has other leases kept as reserves, which include newly acquired mines in the mineral-rich belt of the Sandur-Hospet region in Bellary district of Karnataka State (South India). The total reserves accessible to Fomento are estimated at over 100 million tonnes.

The company has three benefication plants. The two that operate in Goa have a feed capacity of two million tons per year. One of them is a 100% export oriented unit. The third benefication plant has a feed capacity of 300M/T per hour and operates at Yeshwantnagar in Karnataka State. The benefication techniques employed at these plants include magnetic separation, to produce concentrates of the highest grade. To enhance iron content and iron recovery, and to expand its benefication capacity still further, the company is commissioning by mid-1998, the Secondary Benefication Section (SBS-II) the 1st of its kind in India.