Lloyds Metals And Energy Limited CC-Feb26.pdf · 2026-02-04
Yes. Hi, good evening everyone and thanks for the opportunity. Congratulations for a very good set of numbers. A couple of questions from my side. The first one is on the MoU that we have with Tata Steel. So just wanted to understand the various facets of this MoU. While you have explained in your prepared remarks, Tata Steel also held a concall in which they explained a few things? But just wondering that in mining, when we are so strong in this region, why do we need someone else? I mean it might be Tata Steel, of course, no doubt they are experts. But what expertise we are actually looking to get from Tata Steel and is there something that goes beyond mining, let us say, into steel where we might get some kind of consultation from them? And if there is any -- is there any scope of having a long-term iron ore supply agreement to them? I mean, just wanted to explore these points?
Okay. Okay, great. The second question is essentially on the copper. So, I mean, it is indicated in the presentation that there are certain mines also associated with it. First of all, Congo is not exactly the best place to work, and then, you know, mining, I know several companies who have failed because of various reasons? So what is it that we see in Congo, and are these mines yet operational, or at what stage of exploration they are? You have indicated some numbers, but these numbers seem to be more for the processing side. Just wanted to understand the backward integration part of it, a little bit more. And if you can also mention the grade of copper that you expect over there?