Minerals & Mining

We advise government agencies, public sector undertakings, multilateral institutions and private entities in areas of:

  • Policy development and regulation
  • Bid process management
  • Mineral pricing
  • Benchmarking and strategic planning
  • Transaction advisory including auctioning of mineral blocks and selection of Mine Developer & Operator (MDO)
  • Bidding for mineral blocks

We have a good understaning of the policy, regulatory and market environment in which the metals and mining companies operate as well as the end use industries such as power generation, steel and cement. We have developed a risk framework for all the risks associated with the sector, and a strategy for mitigation and equitable allocation of risks across the various parties. Our unique blend of in-depth domain knowledge and a team of highly experienced professionals serves as a reliable resource for companies working in this domain.

 

 

The services we offer
 

Policy and Regulatory Advisory

 

CRISIL has extensive work experience in policy and regulatory domain with governments, multilateral agencies, ministries, and regulatory bodies in the sector. We assisted the Ministry of Coal/ Central Mine Planning & Design Institute Ltd. (CMPDI) in preparation of methodology for captive coal block auctions including formulation of floor price and in preparation of standard bidding documents. We have advised the Society for Elimination of Rural Poverty, Government of Andhra Pradesh in reviewing their sand mining policy including its implementation on the ground. We were also engaged by Coal India Limited in implementation of New Coal Distribution Policy, which included developing Model Letters of Assurance (LOA) and Model Fuel Supply Agreements (FSA) for different customer categories in compliance with NCDP.
 

Transaction Advisory Services

 

CRISIL played a pivotal role in the transaction advisory space for selection of Mine Developer cum Operator (MDO) by successfully concluding the first ever international transaction for selection of a MDO for NTPC Ltd.'s Pakri Barwadih coal block in Jharkhand. Thereafter, we assisted multiple clients in their MDO ventures by analysing alternate business models for developing a mineral block, and preparation of the bidding documents including developing a bankable Mining Services Contract. We are equally experienced in providing transaction advisory services for auctioning of mineral blocks. Currently, we are assisting the Department of Mines & Geology, Government of Karnataka in auctioning Category 'C' iron ore mines.

Benchmarking and Strategic Planning

 

CRISIL has assisted metals and mining companies in their strategic planning endeavours. CRISIL 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 involved benchmarking across a range of parameters including production, cost, quality control, IT systems and identification of gaps in ancillary infrastructure, which was followed by analysis of strategic options for sustainable development of OMC's mineral resources.

Bid Advisory/Auction Assistance

 

CRISIL has worked with multiple power generation and iron & steel companies in advising them on coal auctions including undertaking technical assessments of the identified coal blocks. We have undertaken mining cost modelling, assessment of logistics from different mines to client's plants, and a detailed competitor analysis in that regard. We have also assisted in undertaking technical assessments of the coal blocks linked with Case II/Ultra Mega Power Projects (UMPPs).

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Questions?

  • For any infrastructure services related queries, please contact:
    +91 22 3342 1918
    infrastructureadvisory@crisil.com