Company name: Damodar Mangalji
Category: Iron Ore Mining
Business location: Panaji, Goa, India
Keywords: Iron Ore
Telephone number: +91-832-222 3381
Fax: +91-832-222 3198
Email address: email@example.com
Other information: Damodar Mangalji e Companhia Limitada was founded in 1944 by the late Shri Damodar Juthalal. The business was set up in Goa under the Portuguese regime and thereby a modest beginning was made. Prior to this period, the business of trading was done in Mozambique, in what was then Portuguese East Africa. The principal business that was carried on by the company at that time was trading in commodities such as tea, textiles and general merchandise.
The company thus ventured into mining business for extraction and export of mineral ores, lumps and fines in the 1940s. An agency business dealing in shipping and forwarding was also established around that time.
After the liberation of Goa from the Portuguese, the Company was incorporated as a private limited company in 1965 under the provisions of the Indian Companies Act. The firm is now known as Damodar Mangalji & Company Limited and popularly known as 'DMC'. Mr Dhirajlal Damodar, elder son of late Shri Damodar Juthalal, is now Chairman of the Company.
Pissurlem Mine is a Cluster of four leases with a lease area of approximately 250 Hectares or 2.5 million sq.metres and is the main working area of the Group of Companies. Exploration has been carried out on about 60% of this cluster area. The ore bodies have a low phosphorous content of ~0.04% and low sulphur content of ~0.015%.
Damodar Mangalji mostly exports iron ore fines with 53% or 54% Fe content.