S.K. Sarawagi & Co. Pvt. Ltd of India
“Maxtech welcomes the Sarawagi family to the Company. This alliance provides a unique opportunity for Maxtech to expand its established high grade manganese claims beyond Brazil with an established Manganese mining conglomerate.” (October 5th 2017)
S.K. Sarawagi & Co. Pvt. Ltd. is one of India’s oldest and largest mining companies and one of the largest exporters of steel input minerals from India to China. The Company is the flagship of the SARAWAGI Group and started as a fledgling manganese ore mining company in the year 1961 in India. Its ability to innovate, adapt, respond & deliver its products to market needs enabled the company to emerge as the largest producer – exporter of Manganese ores from India.
The Company and S.K. Sarawagi entered into a strategic cooperation agreement to form the foundation for business development opportunities enabling the joint exploration, evaluation, development and potential acquisition of Manganese mineral deposits. The agreement provides a framework for the opportunity for S.K. Sarawagi to be able to access projects currently controlled by Maxtech or under negotiation that it may normally not be able to because of this strategic cooperation agreement. The term of the agreement is 3 years.
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