Explore Crisil, a company of S&P Global

Formerly known as Market Intelligence & Analytics

Mining and Metals

Leveraging our extensive knowledge base, deep domain expertise and robust experience, we advise government agencies, public sector undertakings (PSUs), multilateral institutions and private entities across the mining & metals value chain on:
 

  • Policy development and regulation
  • Transaction advisory services
  • Due diligence and bid advisory services
  • Strategy planning and implementation
  • Market assessments and entry strategies
  • Industry reports/capital market listing
  • Valuations
  • Mergers and acquisitions
  • Techno-economic viability (TEV) studies, pre-feasibility and feasibility studies, and financial appraisals
  •  Business transformation and capacity building

We have in-depth knowledge of the Indian mining & metals landscape, along with strong connections across major end-user industries, such as power, steel, aluminium and copper. We have a robust internal framework to proactively assess potential sector risks, providing us sufficient time to develop bespoke strategies/solutions for mitigation and equitable allocation of risks among stakeholders. Our unique blend of extensive domain knowledge and a team of highly experienced professionals serves as a reliable resource for companies operating in this domain.

 

The services we offer

 

 

Policy Development and Regulation

Crisil Intelligence has extensive experience in the policy and regulatory domain, including engagements with governments, multilateral agencies, ministries and regulatory bodies in the sector. We are assisting the Ministry of Coal with the development and operationalisation of a coal trading exchange in India. We supported the Ministry of Coal/Central Mine Planning & Design Institute Ltd in developing a methodology for captive coal block auctions, including formulation of floor prices, and preparing standard bidding documents. We assisted the Ministry of Mines in reviewing sand mining policies across states and developing a comprehensive mining framework (Sand Mining Framework 2018). Similarly, we have worked with the Society for Elimination of Rural Poverty, Government of Andhra Pradesh, to review its sand mining policy, including its implementation on the ground. We were also engaged by Coal India Ltd for the implementation of the New Coal Distribution Policy (NCDP), which involved developing model letters of assurance and model fuel supply agreements for different customer categories in compliance with the NCDP. Recently, we assisted a state-owned coal mining company in formulating a policy for the sale of surplus coal from its mines.

Transaction Advisory Services

Crisil Intelligence played a pivotal role in concluding the first-ever international transaction for selection of a mine developer cum operator (MDO) for a large captive coal block of a central PSU. Thereafter, we assisted multiple clients in their MDO ventures by analysing alternative business models for developing a mineral block, and preparing bidding documents, including a bankable mining services contract. We are equally experienced in providing transaction advisory services for the auction of mineral blocks across various concession types, such as mining leases and composite licences. We have assisted multiple state governments in structuring transactions and provided end-to-end transaction advisory services for mineral block auctions.

Due Diligence and Bid Advisory Services

Crisil Intelligence has worked with multiple leading players in the power generation and iron & steel industries, supporting them in acquiring mineral assets in the country. We conduct technical due diligence, detailed cost-benefit analyses, cost optimisation, and competitor mapping and analysis, enabling informed decisions and shaping bidding strategies in auction scenarios.

Strategy Planning and Implementation

Crisil Intelligence has assisted metals & mining companies in their strategic planning endeavours. We assisted a large steel manufacturer in undertaking a comprehensive demand forecasting exercise for various steel products. Crisil assisted the World Bank/Government of Odisha in undertaking a comprehensive benchmarking cum strategic planning exercise for Odisha Mining Corporation (OMC). The scope of assignment included benchmarking across a range of parameters, including production, cost, quality control and information technology systems, and identifying gaps in ancillary infrastructure, followed by an analysis of strategic options for sustainable development of OMC's mineral resources. We are assisting a leading global steel manufacturer operating in India on a range of strategic initiatives.

Market Assessments and Entry Strategies

Crisil Intelligence has assisted various market leaders in undertaking market assessments and implementing future growth strategies. We assisted a leading central PSU in preparing a strategic vision for its coal mining business following a detailed analysis of coal demand and supply, and landed costs. We supported a large global steel player in devising a raw material strategy for its steel plant, based on a detailed demand assessment of iron ore, analysis of various supply options and forecast of production and net deficit/surplus by 2030 and 2045.

Industry Reports/ Capital Market Listing

Crisil Intelligence is assisting multiple companies in preparing industry chapters for their mining business to access capital markets. We have worked with multiple merchant bankers to assist clients in public listing of their shares.

Valuations, and Mergers and Acquisitions

Crisil Intelligence has played a significant role in assisting mining & metals companies in mergers and acquisition through its in- depth valuation models and frameworks. We assisted a Central PSU in managing a transaction for acquisition of a critical mineral asset overseas including valuation of the target, detailed review of historical accounts and forecasting of commodity prices under different scenarios. Crisil also assisted many steel/ mining companies in preparing valuation models of different mines for taking decisions for acquisition.

TEV Studies, Pre-feasibility and Feasibility Studies, and Financial Appraisals

Crisil Intelligence is empanelled with various financial institutions and banks for conducting appraisals of mining projects for funding and disbursement. Crisil assisted a large non-banking financial company in India in preparing detailed financial appraisal guidelines for funding of coal mining projects. Crisil has also supported multiple mining/MDO players in preparing TEV studies for submission to financial institutes/banks for funding.

Business Transformation and Capacity Building

Crisil Intelligence has helped establish project management units at client offices/sites for base-lining, conceptualisation and implementation of various operational initiatives, while delivering various value-added services for cost optimisation, operational improvement and capability-building for business transformation. Crisil’s tailored solutions and robust frameworks are instrumental in executing various business transformation assignments.