Upkar Mining Pvt Ltd. Jayanagar, Bangalore, Karnataka

M/s. Upkar Developers, is in to property development from the past four decades ie. from 1974 doing No. of Townships, Villas, Shopping Complex, Softech parks & Apartment projects in Bangalore and Hosur. Please find enclosed Brochure for full details.
We have two upcoming massive apartment projects viz:
1) UPKAR GALAXY (BASAPURA & SINGASANDRA) Hosur Road– Own prime land of 25 Acres, within city limits of 2000 flats, 1300 Crs project.
2) UPKAR ROYAL ORCHARD (KENGERI) – Bangalore - Mysore Rd. – Own prime land of 36 Acres within city limits - prime prestigious apartment project of 4000 flats, 3000 Crs project.
MINING PROJECTS:
The Company is operating its mining projects overseas at three different countries, namely
1) LIMA –PERU (SOUTH AMERICA
2) WEST AFRICA
3) PHILIPPINES.
LIMA-PERU (SOUTH AMERICA);Upkar Resources SAC has obtained 26 mining concessions covering an area of 15000 hectares for gold and polymetallic (Copper, lead and zinc) deposits and one large iron ore area in Peru.
Detailed reconnaissance geological survey has indicated potential reserves and good grade of the said polymetallic deposits. The chemical analysis has indicated 9% 0f copper in the region. Exploration like pitting and trenching to estimate the probable reserves and grade is under progress. The Company has already invested USD 10 million to obtain the concession and for geological exploration etc. A team of experts are working on the mining areas.
WEST AFRICA; Upkar mineral exports SARL has obtained three large iron ore areas in West Africa. The mining area covers 800 Square Kilometers .Detailed geological survey and mapping has been completed and based the findings, about +10 million tonnes of high grade ore has been proved in the region. The average grade of the ore is 64-66% Fe, silica is 1.8-3.5%, and other elements like Alumina, phosphorus, Sulphur etc are under permissible limit.
The Company has already exploited 300 000 tonnes of high grade ore and the ore (ROM) is in the stock pile. On the outset this ROM needs to be crushed and exported. The neighboring European countries have high demand for this high grade iron ore.
Philippines:
Templeton Resources Inc. has obtained one fully licensed and highly potential Iron sand (magnetite) area, covering 600 hectares in Philippines. Detailed geological survey and profiling of sand bed all along the river course has been mapped. Based on the findings about 2.7 billion cubic meters of river sand and about 3-5 million tones of magnetite sand has been proved in the licensed area.
A processing plant to wash and separate river sand and magnetite sand has been established at the mine head and necessary environmental clearances has been obtained from the Government of Philippines for smooth operation of mining. About 70,000 tonnes of iron sand has been already exported to China and the company has made all arrangements to export this sand to India and other countries.
The Company has applied for licenses for Chromite, Nickel and copper concessions in Philippines. The Company has already invested USD 10 million for obtaining license, geological exploration and exploitation permit etc. The mining is under operation.
PROPOSED JOINT VENTURE OPERATIONS;
Option 1:- For all the above three countries viz: Lima- Peru – South America, West Africa & Philippines, Invested assets are valued at USD 10 million each in the said countries. The Company is ready to liquidate up to Investor (49%) maximum, and mine owner (51%).
OR
Option 2:- If the Investors are ready to lend the money required for mining operations on reasonable terms of interest, the Company extends full security for the loan given. Quarterly interest will be paid in time and an MOU will be signed on mutual agreement.
OR
Option 3:- The licensed area will be given and the investor can fund 100% only for mining operation, crusher, establishment and transportation. The investor can manage entire business of the said areas. The investor can share 40% profit over the production of the mineral.
Note: The Company makes suitable arrangements to get the buyers for the production generated from the said mines. All necessary clearances at various stages and other Governmental works for smooth operation of the mines only will be looked after by the Company.
The investor can choose any of the three options mentioned above and the Company is very happy to invite for a detailed discussion to work together on the said mines.
Hope to hear a favorable reply at the earliest.