Our Business
SAM is principally involved in the business of exploration, mining, and processing of iron ore for subsequent sale. Our operation at the Chaah Mine has commenced since 2008. The Company now produces:
Iron Ore
Iron ore originates in nature itself. It can be found in the form of rocks and mixed with other elements. In fact, most of the Earth’s major iron ore deposits are found in rocks that were formed more than 1.8 billion years ago.
Iron ore has turned into the world’s most essential raw material that produces iron, which is then used to make steel. Various industrial processes involving modern technology are utilised to process iron ore into steel. Steel is the most-used metal by both tonnage and purpose in creating furniture, ships, and buildings. It is estimated that steel consumption globally can grow by 1% - 2% per annum, over the next 10 years.
Pipe Coating Materials
We supply pipe coating materials that are crushed iron ore to pipe coating companies. It is said that crushed iron ore has a naturally higher density and low impurities level. When used as a coating for sub-sea pipes, it can help to prevent corrosion in these pipes.
Pipe coating is a process to provide a strong protective lining to prevent corrosion in pipelines. Apart from being cost-friendly, it is known to be one of the most reliable corrosion prevention methods.
11
Years
Operational and sales track record since 2008
4.6
Million tones
Iron ore products produced and sold from 2008 to 31 October 2019
102%
Excellent reconciliation between resource model and production statistics from June 2014 to July 2019.