Fomento Resources is an alliance of companies in the mineral resource industry committed to the social and economic advancement of its communities and has been a key player of the Goan economy since 1957. The Alliance's activities include resource development (exploration, excavation, and mineral processing), logistics (surface and marine), and sales (international and domestic). The member companies include Fomento Resources (FRPL), Sociedade De Fomento Industrial (SFI), Infrastructure Logistics (ILPL) and Marine Infrastructure Goa (MIG).
We employ teams of experts with experience in geological investigation, prospecting and surveying, allowing for an extremely accurate area selection and dependable resource evaluation. Combining the latest techniques and technologies with an in-depth historical knowledge of the regions geology, our teams are among the best in the industry. Exploration activities include the use of Total Station surveys, core drilling, modelling of survey data, and detailed core analyses. This marriage of technological and intellectual resources allows reliable estimation of probable and proved reserves based on multidimensional analyses.
We adhere to the highest standards of safety and efficiency while being mindful of our role as a steward of the land. We combine the use of state-of-the-art loaders and excavators with training methods and maintenance checks that are the envy of the industry. We employ modern techniques to reduce waste and suppress dust and have long carried out a program to replant forests and mitigate stress to the environment.
We have extensive experience in iron-ore processing, and can meet the specifications of the most discerning buyers. We have expertise in size reduction, sizing separation, classification, magnetic separation and dry-solids handling. For decades, we have been at the forefront of innovation in India. We were the first to include a high-gradient magnetic separator in our process flow, thus reaching the upper limits of recovery technology. In addition to in-plant processes, we deploy mobile dry processing units at numerous locations to provide high-grade run-of-mine ore directly for haulage to customers.
In utilising extensive surface and marine networks of rail, truck, barge, and other components, the Alliance has provided elements of flexibility and reliability to its operations. Our ability in connecting mines and plant sites to multiple transfer terminals has played an essential role in meeting the needs of buyers. The Alliance has one of the most cost efficient and flexible pit-to-ship operations in the industry.
Fomento Resources is proud of its relationship with communities living around its operational locations. This enduring relationship is characterised by mutual respect, active partnership and long term trust. These values allow, the Alliance to develop what it calls, its most important resource – people. Consistent with the philosophy of the Alliance, all location teams have worked tirelessly over the years to enhance standards in health, education and social development for the benefit of the communities.
The Alliance’s sincere commitment to relationships with students, families and teachers is reflected in their educational activities. In international arenas, the Alliance has collaborated with the London School of Economics to establish - The Modu Timblo Scholarship, in memory of the Alliance’s founder. This scholarship funds meritorious Indian scholars who secure admission to the London School of Economics. The commitment to uniting communities on faith, culture and traditions is strong within the Alliance. It has played an active role in the construction and restoration of temples, churches and has taken the initiative in participating and organising cultural events and festivals.
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